ECB'S LAGARDE: OVERSHOOTING OF TARGET WOULD BE INCIDENTAL, NOT DELIBERATE
LAGARDE: APP WAS NOT DISCUSSED DURING THIS MEETING
EURO <EUR=EBS> HITS DAY’S HIGHS AS ECB’S LAGARDE SPEAKS, NOW UP 0.3% AT $1.1823
ECB'S PRESIDENT LAGARDE: THE SEPTEMBER PREDICTIONS ARE MORE REFLECTIVE OF THE OUTLOOK.
ECB'S LAGARDE: REVISION OF FORWARD GUIDANCE 'LIMITED TO INTEREST RATES'
ECB'S PRESIDENT LAGARDE: ON THURSDAY, THERE WAS NO MENTION OF TARGETED LONGER-TERM REFINANCING OPERATIONS.
ECB's President Lagarde: On Thursday, there was no mention of Targeted Longer-Term Refinancing Operations ECB's President Lagarde: Any exit at this time would be premature
ECB's President Lagarde: We are still in a moment of crisis
ECB's President Lagarde: We would oppose any tightening of financing restrictions that is incompatible with the goals
ECB's President Lagarde: PEPP and its future was not discussed.
ECB's President Lagarde: Patience was tried to be incorporated into rate guiding.
ECB's President Lagarde: No one wants to tighten prematurely.
ECB's President Lagarde: All of the data points support the projections.
ECB's President Lagarde: Some containment and lockdown measures were expected to last until Q4 according to the June forecast.
ECB's President Lagarde: For rates to increase, inflation cannot be below 2%.
ECB's President Lagarde: Being well ahead would be the mid-point in the projection horizon.
ECB's President Lagarde: There was an overwhelming consensus on the calibration of guidinance.
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