Lagarde speech: Q4 inflation in 2022 seen at 1.7%

Following the European Central Bank's (ECB) decision to leave the interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, Christine Lagarde, President of the ECB, is responding to questions from the press. 

Key quotes

"Q4 inflation in 2022 seen at 1.7%."

"2022 inflation direction good but not at the objective."

"Would not draw conclusions from TLTRO auction."

"Would have preferred higher take up in TLTRO tender, around 120 billion euros."