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Christine Lagarde, President of the Europen Central Bank (ECB), is delivering her remarks on the monetary policy outlook in a press conference following the ECB’s decision to leave the policy settings unchanged.

Key takeaways

“ECB  sees 2021 GDP growth at 4.0% vs 3.9% seen in December.”

“ECB sees 2023 GDP growth at 2.1% vs 2.1% seen in December.”

“ECB sees 2022 GDP growth at 4.1% vs 4.2% seen in December.”

“Mutations are the source of downside risk.”

“Based on oil futures, inflation is expected to increase in the coming months.”

“Once  the impact of pandemic fades, gradual upward pressure on inflation is expected.

About ECB President Lagarde

The European Central Bank’s President Christine Lagarde, born in 1956 in France, has formerly served as Managing Director of the International Monetary Fund, and minister of finance in France. She began her eight-year term at the helm of the ECB in November 2019. As part of her job in the Governing Council, Lagarde holds press conferences in detailing how the ECB observes the current and future state of the European economy. Her comments may positively or negatively the euro’s trend in the short-term. Usually, a hawkish outlook boosts the euro (bullish), while a dovish one weighs on the common currency (bearish).