Christine Lagarde, President of the European Central Bank (ECB), is delivering her remarks on the policy outlook and responding to questions following the bank's decision to hike key rates by 50 basis points.

Key quotes

"Governing Council would rather not use TPI, would not hesitate if it has to."

"Differences in local finances can legitimately arise."

"Governing Council will make a decision on whether TPI activation is proportionate."

"There is no recession under the baseline scenario."

"Euro has a bearing on inflation going forward."

About ECB's press conference

Following the ECB´s economic policy decision, the ECB President gives a press conference regarding monetary policy. 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.