Easing monetary policy restrictions should support the economy

Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to cut the benchmark interest rate by 25 basis points at the September policy meeting and answers questions from the media.

Key quotes

“Recovery if facing headwinds, based on surveys.”

“The recovery is expected to strengthen.”

“Easing monetary policy restrictions should support the economy.”

“The labor market is resilient.”

“Surveys point to further moderation in labor demand.”