ECB Decision: Full Lagarde Statement on Economic Risks, Inflation, Interest Rates
European Central Bank President Christine Lagarde comments on monetary policy, the outlook for the euro-area economy, inflation and financial conditions. She speaks at a news conference in Frankfurt after the ECB lowered interest rates for the third consecutive meeting, cutting the deposit rate by a quarter-point to 3%. This is the opening statement of her press conference.
00:00:00 Decision to cut interest rates by a quarter-point to 3%
00:03:52 Economic outlook: latest data suggest loss of momentum
00:06:50 Inflation, wages, services: CPI to fluctuate at current level
00:09:31` Risks to growth "tilted to the downside; Ukraine, Middle East conflicts
00:11:33 Financial and monetary conditions; banks remain "resilient"
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