Lagarde speech: Policy is agile, prepared to do what is necessary

Christine Lagarde, the President of the ECB, addressed the decision to keep key rates unchanged at the February policy meeting. She emphasized that the ECB's policies are agile and prepared to take necessary actions swiftly. This demonstrates a responsiveness to various risks faced by the Eurozone economy, particularly inflationary pressures. The president pointed out the need for a flexible approach to adapt to market changes, highlighting the ECB's ability to adjust to different situations. Consequently, investors in the financial markets may develop stronger views on the ECB's policy, while also keeping an eye on other factors like US monetary policy and economic indicators. The market movements ahead are likely to heavily depend on how Lagarde's statements are perceived. It is expected that the Euro will experience volatility following the speech, urging traders to closely monitor policy developments.