Lagarde speech: We will not wait until we are at 2% to make a decision

Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave the key interest rates unchanged in March and responds to questions from the press.

Key quotes

"Particularly vigilant about wages and profits."

"Only underlying indicator that isn't declining is domestic inflation."

"We will not wait until we are at 2% to make a decision."

"Market expectations seem to be converging better."

"We discussed framework, my strong expectation is that it will be completed on March 13."

About ECB's press conference

Following the ECB´s monetary policy decisions, the ECB President delivers a prepared statement and responds to questions from the press on the policy outlook. Her comments may influence the volatility of EUR and determine a short-term positive or negative trend. Her hawkish view is considered as positive, or bullish for the EUR, whereas her dovish view is considered as negative, or bearish.