On Thursday, Christine Lagarde will hold an important press conference.
The European Central Bank anticipated a 50 basis point increase in interest rates.
The ECB President’s speech’s Q&A section will be closely watched.
The European Central Bank (ECB) President, Christine Lagarde, will hold a press conference on Thursday, March 16 at 13:45 GMT, 30 minutes after the monetary policy decision statement is released. Lagarde’s Q&A session will be highly anticipated due to the apparent questioning of the ECB’s current tightening monetary policy regarding the aftermath of the banking crisis brought on by the collapse of Silicon Valley Bank (SVB).
Since the summer of 2022, the European Central Bank has been increasing interest rates, raising the main operations rate from 0% to the current 3.5%. Another 50 premise point loan cost climb is normal this time around, however the financial emergency that began in the US with the default of SVB appears to have spread rapidly to the European financial area. It will be crucial to see if Christine Lagarde addresses these concerns and whether they have influenced the ECB’s decision-making in her prepared statement or during the subsequent Q&A session, where she will almost certainly be questioned about them.
Concerning the ECB press conference
The ECB President holds a monetary policy press conference following the economic policy decision. Her remarks may have an impact on the EUR’s volatility and determine whether a short-term trend is positive or negative. Her hawkish view is thought of as certain – or bullish for the EUR – while her hesitant view is viewed as negative, or negative.
Concerning Christine Lagarde
In Paris, France, Christine Lagarde was born in 1956. Upon graduating from Paris West University Nanterre La Défense on November 1, 2019, he became President of the European Central Bank. Between 2011 and 2019, she held the position of Chairman and Managing Director of the International Monetary Fund. Prior to joining the French government, Lagarde held a number of senior ministerial positions, including: She served as Minister of Commerce from 2005 to 2007, Minister of Agriculture and Fisheries from 2007 to 2011, and Minister of the Economy, Finance, and Industry from 2007 to 2011.