- Christine Lagarde will hold an important press conference on Thursday.
- The European Central Bank is expected to raise interest rates by 50 basis points.
- The Q&A section of the ECB President’s speech is heavily scrutinized.
European Central Bank (ECB) President Christine Lagarde will hold a press conference at 13:45 GMT on Thursday, March 16, 30 minutes after the ECB’s announcement of its monetary policy decision. His Q&A session with Lagarde is highly anticipated as his current ECB tightening monetary policy appears to be in question in the aftermath of the banking crisis caused by the collapse of the Silicon Valley Bank (SVB). Thing.
You can follow the ECB press conference, including Christine Lagarde’s speech, in the video below.
The European Central Bank has been raising interest rates over the past few months, starting in the summer of 2022, raising the key operating rate from 0% to the current 3.5%. With another 50 basis points of rate hikes expected this time around, the banking crisis that started in the US with the SVB default appears to have quickly spread to the European banking sector. It will be very important to see if Christine Lagarde addresses these issues and if they influenced her ECB decision-making.
About Christine Lagarde
Christine Lagarde was born in Paris, France in 1956. She graduated from the Université des Paris-Ouest Nanterre she la she defense and was appointed President of the European Central Bank on 1 November 2019. Prior to that, she served as President and Managing Director of the International Monetary Fund from 2011 until 2019. French Government: She was Minister of Economy, Finance and Industry (2007–2011), Minister of Agriculture and Fisheries (2007) and Minister of Commerce (2005–2007).
About the ECB press conference
Following the ECB’s economic policy decisions, the ECB President will hold a press conference on monetary policy. Her comments could influence the euro’s volatility and determine its short-term positive or negative trend. Her hawkish view is seen as positive, i.e. bullish for the euro, while her dovish view is seen as negative, i.e. bearish.