Christine Lagarde, President of the European Central Bank (ECB), is delivering her remarks on the policy outlook and responding to questions from the press following the Governing Council's decision to hike key rates by 50 basis points in February.
"I can't think of scenarios where 50 bps hike would not happen unless they're quite extreme."
"Bank lending survey shows good transmission of ECB monetary policy."
"In all Reasonable scenarios, significant hikes are needed."
"We have to be attentive to energy components and pass-through."
"Wouldn't say that disinflationary process is already at play."