European Central Bank President Christine Lagarde comments on monetary policy, the outlook for the euro-area economy, inflation and geopolitical uncertainties. She speaks at a news conference in Frankfurt after the Governing Council decided to lower interest rates for the sixth time since June, cutting the deposit rate by a quarter-point to 2.50%. This is the opening statement of her press conference.
00:00 Decision to cut interest rates by a quarter-point to 2.50%
01:57 Monetary policy becoming "meaningfully less restrictive"
04:24 Euro-area economic outlook: "high uncertainty"
07:04 Inflation; energy prices; "sustained" return to 2% target
09:33 Uncertainty about global trade; Ukraine, Middle East concerns
11:28 Boost in defense spending could raise inflation
11:48 Financial and monetary conditions; borrowing and loan growth
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