ECBs Lagarde is speaking:
- Growth in economic activity should benefit from increased household spending and a resilient, more inclusive labor market.
- Indicators of underlying inflation remain consistent with the ECB's 2% inflation medium-term target.
- They expect inflation to stay around their 2% target in the coming months.
- ECB will respond to flexibility to new challenges as they arise and consider as needed, new policy instruments and the pursuit of its price stability
- Risk to the outlook continues to be two-sided