European Central Bank President Christine Lagarde comments on monetary policy, the outlook for the euro-area economy, the inflation situation and concerns related to trade policy and geopolitical uncertainty. She speaks at a news conference in Frankfurt after the Governing Council decided to keep interest rates unchanged for the first time in more than a year. This is the opening statement of her press conference.
00:00 – ECB’s decision to keep interest rates unchanged
01:50 – Euro-area economic growth in first quarter, manufacturing and services sector, tariff uncertainty
02:47 – Unemployment in the economic area, growth outlook
03:18 – Governing Council’s call for stronger euro-area, fiscal and structural policies to make economy more resilient
04:27 – Annual inflation picture in June
06:17 – Risks to economic growth tilted to the downside, tariffs, trade tensions and geopolitical uncertainty
08:50 – Market interest rates
10:43 – Reasoning behind ECB Governing Council’s decision to keep three key ECB interest rates unchanged
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