Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to lower key rates by 25 basis points at the June policy meeting and responds to questions from the press.
Key quotes
“We have not discussed neutral rate.”
“Neutral is predicated on absence of shock.”
“Facing significant uncertainty.”
“Had extensive discussions on impact of disruption of supply chains.”
“Getting to the end of the monetary policy cycle.”