Lagarde speech: We Are Somewhat More Optimistic About The Outlook Than 3 Months Ago

Christine Lagarde, President of the Europen Central Bank (ECB), is delivering her comments on the monetary policy outlook in a press conference following the ECB’s decision to leave the policy settings unchanged in June. Here are the most important quotes from her speech.

“We are somewhat more optimistic about the outlook than 3 months ago.”

“Services wages not increasing significantly.”

“Wot where we would like to be in terms of inflation when the pandemic is over.”

“Policy decision was unanimous.”

“PEPP exit talk to come in due course but too early now.”

“There was debate on pace of PEPP.”

“Proposal contained significantly higher pace, there was no alternative.”

“There was broad agreement on policy.”

“Will buy according to market conditions, take seasonality into account.”

“Too early to discuss longer-term issues.”

“Longer-term issues were not discussed.”

“There was general consensus about the balance of risk.”

“ECB will decide on giving go-ahead for the digital euro exploration phase in mid-July.”