Lagarde speech: Future policy rate decisions are to be data-dependent

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 75 basis points following the September policy meeting.

Key quotes

"Risks to growth are to the downside in the near term."

"Energy supply disruptions are a major risk."

"Initial signs of inflation expectations above target warrant monitoring."

"Wage growth is still contained."

"Risks to inflation are tilted to the upside."

"Future policy rate decisions are to be data-dependent."

"Credit to firms have become more expensive."