Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to lower the benchmark interest rate by 25 basis points at the September policy meeting and responds to questions from the press.
Key quotes
“The recovery if facing headwinds, based on surveys.”
“Recovery is expected to strengthen.”
“Fading monetary policy restriction should support the economy.”
“The labor market is resilient.”
“Surveys point to further moderation in demand for labor.”
Source: https://www.fxstreet.com/news/lagarde-speech-fading-monetary-policy-restriction-should-support-economy-202409121256