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 50 basis points in December.

Key takeaways

"New market expectations will be embedded in future projections."

"There was general consensus on the assessment of the economy."

"There was general agreement on orientation in strategy."

"Not everybody agreed on actual tactics."

"There was very broad majority that we should show perseverance."

"Some might have wanted to do a bit more, bit less."

"We had broad majority for decision."