Lagarde speech: Compliance of EU fiscal framework a condition of TPI

Christine Lagarde, President of the European Central Bank (ECB), is delivering her remarks on the policy outlook and responding to questions following the bank's decision to hike key rates by 50 basis points.

Key quotes

"Compliance of EU fiscal framework a condition of TPI."

"Absence of severe macro imbalances is condition for TPI."

"Third TPI condition: fiscal sustainability."

"Debt sustainabilty analysis to take into account ECB, ESM, IMFanalyses."

"Fourth TPI condition: Sound and sustainable macro policies in line with recovery and resilience funds."

About ECB's press conference

Following the ECB´s economic policy decision, the ECB President gives a press conference regarding monetary policy. Her comments may influence the volatility of EUR and determine a short-term positive or negative trend. Her hawkish view is considered as positive, or bullish for the EUR, whereas her dovish view is considered as negative, or bearish.