Lagarde comments at ECB press conference
Tweet
Share
E-mail
FILE PHOTO: European Central Bank President Christine Lagarde addresses a press conference following the ECB Governing Council meeting at the ECB headquarters in Frankfurt, Germany, July 23, 2026. REUTERS/Heiko Becker/File Photo
FRANKFURT, Sept 10 (Reuters) - The European Central Bank raised its policy rate on Thursday for the second time this year, by a quarter point to 2.50%, seeking to quell an energy-driven rise in inflation triggered by the Iran war.
Following are highlights of ECB President Christine Lagarde's comments at a press conference after the policy meeting.
NEAR-TERM GROWTH OUTLOOK
"Looking ahead, the near-term growth outlook has improved compared with the last round of staff projections, reflecting in particular the resilience of private consumption and public spending."
RESILIENT ECONOMY
"The economy proved resilient in the second quarter, despite headwinds from the energy shock. Growth was broad-based across countries and sectors. This pattern is likely to have continued into the third quarter."
INFLATION PRESSURES
"The conflict in the Middle East continues to generate inflation pressures, and inflation is set to remain well above target for an extended period."
ON THE ECONOMIC OUTLOOK
"The outlook remains highly uncertain, with risks to the upside for inflation and to the downside for economic growth."
(Reporting by Reuters Global News Desk)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- AI-powered documentary tests cinema's boundaries in Venice
- AI chip startup Positron's valuation skyrockets in latest funding round
- JD.com's Ceconomy concessions face criticism from rivals, sources say
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
