Lagarde speech: Economic activity expected to accelerate in second half of year

Christine Lagarde, President of the Europen Central Bank (ECB), is delivering her remarks on the monetary policy outlook in a press conference following the ECB's decision to leave the policy settings unchanged in June.

Key takeaways

"We expect economic activity to accelerate in the second half of the year."

"Global demand, fiscal measures support activity in the euro area."

"Near-term economic outlook remains uncertain."

"Inflation rise is due to base effects and temporary factors, rise in energy prices."

"Projections point to rising inflation pressures."

About ECB President Lagarde

The European Central Bank's President Christine Lagarde, born in 1956 in France, has formerly served as Managing Director of the International Monetary Fund, and minister of finance in France. She began her eight-year term at the helm of the ECB in November 2019. As part of her job in the Governing Council, Lagarde holds press conferences in detailing how the ECB observes the current and future state of the European economy. Her comments may positively or negatively the euro's trend in the short-term. Usually, a hawkish outlook boosts the euro (bullish), while a dovish one weighs on the common currency (bearish).