Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
16 Mar 2023

Lagarde Speech Preview: All about ECB press conference

  •  Christine Lagarde to hold key press conference on Thursday.
  •  European Central Bank expected to raise interest rates by 50 basis points.
  •  Q&A section of ECB President speech will be highly scrutinized.

Christine Lagarde, President of the European Central Bank (ECB), will hold a press conference on Thursday, March 16 at 13:45 GMT, 30 minutes after the publication of the ECB monetary policy decision statement. The Q&A session by Lagarde will be a highly anticipated one, as the current ECB tightening monetary policy seems to be questioned on the aftermath of the banking crisis triggered by the Silicon Valley Bank (SVB) collapse.

You can follow the ECB press conference, with Christine Lagarde’s speech, in the following video:

The European Central Bank has been raising interest rates in the past months, since the summer of 2022, lifting the main operations rate from 0% to the current 3.5%. Another 50 basis point interest rate hike is expected this time around, but the banking crisis that started in the United States with the default of SVB seems to have spread quickly to the European banking sector. It will be very important to see if Christine Lagarde addresses these issues – and whether they have impacted the ECB decision-making – in her prepared statement or in the following Q&A session, where she will surely be asked about it.

About Christine Lagarde

Christine Lagarde was born in 1956 in Paris, France. Graduated from Paris West University Nanterre La Défense and became President of the European Central Bank on November 1st 2019. Prior to that, she served as Chairman and Managing Director of the International Monetary Fund between 2011 and 2019. Lagarde previously held various senior ministerial posts in the Government of France: she was Minister of the Economy, Finance and Industry (2007–2011), Minister of Agriculture and Fishing (2007) and Minister of Commerce (2005–2007). 

About ECB press conference

Following the ECB´s economic policy decision, the ECB President gives a press conference regarding monetary policy. Her comments may influence the volatility of EUR and determine a short-term positive or negative trend. Her hawkish view is considered as positive – or bullish for the EUR – whereas her dovish view is considered as negative, or bearish.

Mar 16, 2023

EUR/GBP can push back above 0.8800 if the ECB hikes 50 bps without unnerving banking stocks – ING

EUR/GBP seemed to come lower yesterday on stress in the Europan banking sector. Hoever, a 50 bps rate hike by the ECB could lift the pair above 0.88,
Read more Previous
Mar 16, 2023

Crude Oil Futures: Room for further losses near term

Considering advanced prints from CME Group for crude oil futures markets, open interest resumed the uptrend and went up by around 20.6K contracts on W
Read more Next