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WATCH LIVE: ECB Press Conference with President Lagarde

Published 03/02/2022, 13:10
Updated 03/02/2022, 13:12
© Reuters

© Reuters

Key Points

  • Governing Council confirmed the decisions taken at its monetary policy meeting in December
  • Interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively
  • The Governing Council stands ready to adjust all of its instruments, as appropriate, to ensure that inflation stabilises at its 2% target over the medium term
  • Full statement here

By Samuel Indyk

Investing.com – Watch the press conference where European Central Bank President Christine Lagarde explains the Governing Council's monetary policy decisions and answers questions from journalists below:

Latest comments

The ECB and politicians have failed. There is no escaping the policy of loose money, otherwise many euro countries would go bankrupt. With inflation, the population slides into poverty, which is also unacceptable. In the end, an exit from the euro will be the only viable option for some nations. The political upheavals will be great. Whatever happens then, in the end it will be the citizens of Europe who pay.
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