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Trading news
12 Mar 2020
Lagarde speech: Latest indicators point to considerable worsening of economic outlook
Following the European Central Bank's (ECB) decision to leave its interest rates unchanged while announcing additional asset purchases of €120 billion until the end of the year alongside new TLTROs, Christine Lagarde, President of the ECB, is delivering her remarks on the monetary policy outlook in a press conference.
Key quotes
"ECB supports governments who join a coordinated policy response."
"ECB is determined to support households and firms."
"ECB stands ready to adjust all of its instruments."
"Latest indicators point to a considerable worsening of the economic outlook."