Lagarde speech: Well-positioned to deal with major shock unfolding
Source Fxstreet
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the March policy meeting and responds to questions from the press.
Key takeaways
"War in Middle East tightened financial conditions."
"Short-term rates have risen notably."
"Governing Council was briefed by experts, including military affair professor."
"Mood of Council was calm, determined, laser focussed on information."
"Our decision was unanimous."
"We're well-positioned to deal with the development of a major shock unfolding."
"I cannot give you a timeline."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The crypto market experienced a significant pullback, Bitcoin (BTCUSD) fell below the key $70,000 mark during intraday trading, triggering short-term stop-loss orders and causing market s
Gold price (XAU/USD) faces some selling pressure near $4,830 during the early Asian session on Thursday.
Today (March 18), WTI crude oil continued to exhibit significant short-term volatility, driven by a tug-of-war between headlines and data. Intraday, prices retreated from Tuesday's high o
Silver (XAG/USD) lacks a firm intraday direction and oscillates in a narrow range during the Asian session on Wednesday as traders opt to wait on the sidelines ahead of the crucial FOMC rate decision.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $95.00 during the early Asian trading hours on Wednesday. The WTI price climbs amid intensifying Middle East conflict and severe supply disruptions.
