ECB’s Lagarde: Inflation risk has intensified

Christine Lagarde, President of the European Central Bank (ECB), is delivering her remarks on the policy outlook and responding to questions following the bank’s decision to hike key rates by 50 basis points.

“Energy costs should stabilise, bottlenecks ease.”

“Wage growth has continued to increase gradually, including forward-looking indicator.”

“Wage growth is still contained.”

“Strengthening economy, catch-up

“Outlook clouded for second half of 2022 and beyond.”

“Economic activity is slowing.”

“The war is an ongoing drag.”

“Firms face higher costs, supply chain disruptions.”

Following the ECB´s economic policy decision, the ECB President gives a press conference regarding monetary policy.