Lagarde speech: Won't comment on inflation target band

Following the European Central Bank's (ECB) decision to leave the interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, Christine Lagarde, President of the ECB, is responding to questions from the press.

Key quotes

"Wouldn't draw any conclusion for ECB from Sweden's rate hike."

"Will adhere to current strategy, target until new strategy has been defined."

"Won't comment on inflation target band."

"My mission is to harness all views around."

"There was a discussion on balance of risks."

About ECB’s Lagarde

The European Central Bank's President Christine Lagarde, born in 1956 in France, has formerly served as Managing Director of the International Monetary Fund, and minister of finance in France. She began her eight-year term at the helm of the ECB in November 2019. As part of her job in the Governing Council, Lagarde holds press conferences in detailing how the ECB observes the current and future state of the European economy.