Christine Lagarde, President of the Europen Central Bank (ECB), added to her earlier comments on the monetary policy outlook at the post-meeting press conference:
Key quotes:
- Market bets on rate hikes are not in line with guidance.
- Our analysis certainly does not support that the conditions of our forward guidance are satisfied at the time of lift-off as expected by markets, nor any time soon thereafter.
- The slowdown of PEPP purchases isn't tapering.
