Lagarde speech: There are still significant upside risks to inflation

Christine Lagarde, President of the European Central Bank (ECB), is delivering her remarks on the policy outlook and responding to questions from the press following the Governing Council's decision to hike key rates by 25 basis points in May.

Key takeaways

"Resilince of labour market could lead to higher growth."

"There are still significant upside risks to inflation."

"Recent wage deals added to upside risks."

"The Euro area banking sector has proved resilient."

"Higher pay growth or profit margins could increase inflation."

"According to a recent survey, bank lending may continue to decline."

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.