Christine LagardePresident of the European Central Bank (ECB), delivers her speech on the outlook for monetary policy and answers questions from the press following the Governing Council’s decision to raise official interest rates by 75 basis points in October.
Featured Statements
“Substantial progress has been made in withdrawing accommodation.”
“It is likely that activity slowed significantly in the third quarter.”
“We expect the economy to slow substantially in the remainder of the year and next“.
“High inflation is holding back spending and production“.
“Headwinds are reinforced by gas supply disruptions.”
“The rebound in demand for services is slowing.”
“The labor market behaved well.”
“The slowdown in the economy could cause a increase in the unemployment rate“.
Source: Fx Street
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