ECB maintains stance but Lagarde hints at hawkish policy turn

Lagarde's press conference remarks seem to differ from policy statement, analysts say

ECB President Christine Lagarde February 2022

The European Central Bank kept its policy stance unchanged today (February 3), but ECB president Christine Lagarde hinted it could accelerate its withdrawal of stimulus soon.

Several analysts found Lagarde’s words in the press conference much more hawkish than the policy statement, which some observers said created confusion.

“The press release was indeed a copy-pasted version of the December statement,” said Frederik Ducrozet, strategist with Pictet Wealth Management, in a note. “But then

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