OctaFX | OctaFX Forex Broker
Open trading account

Lagarde speech: Takes a bit of time for decisions to be appreciated by markets

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 responding to questions from the press.

Key quotes

"Monetary policy is not set based on FX variations."

"Rallying support around the table to use all tools, adjust instruments."

"We are not at a reversal rate."

"If needed to cut rates, we'll do so."

"We are in very frequent dialogue with the European Investment Bank and European Commission."

"It takes a bit of time for decisions to be appreciated by markets."

EUR/USD bounces off lows on Lagarde, regains 1.1200

After briefly testing sub-1.1200 levels, EUR/USD has managed to regain some poise and retake the 1.1220 region at the time of writing. EUR/USD remains
Read more Previous

GBP/USD Price Analysis: Hammered down to fresh 5-month lows, below 1.2600 mark

The GBP/USD pair extended its sharp intraday decline and tumbled to fresh five-month lows, with bears now looking to extend the slide further below th
Read more Next
Start livechat