ECB's Lagarde told EU leaders ECB fully equipped to provide liquidity to financial system

  • Comments from Lagarde to EU lawmakers
European Central Bank Lagarde
  • Told leaders eurozone banking sector is resilient because it has strong capital and liquidity positions
  • Told EU leaders we need progress on completing the banking union, further work also necessary to create truly European capital markets
  • There is no trade off between price stability and financial stability, the ECB has the tools to address both
  • ECB will decide future rates based on incoming data

Lagarde will be further put to the test in the coming weeks.

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