BREAKING: Lagarde still willing to raise rates by 50bp in March!

President Lagarde's speech has just begun and head of ECB 

 provide some comments regarding the current economic situation and banks future plans. 

Key Highlights:

• wages are growing faster

• the reduction parameters of the APP program will be similar to those of the past

• Lagarde maintains its will to raise rates by 50bp in March

• Economic activity will remain weak in the short term

• Decisions on future ECB decisions will be taken from meeting to meeting

• price pressures remain strong and inflation remains very high

• While confidence is rising and energy prices are falling, we anticipate that activity will remain weak in the short term.

EURUSD pair continues to oscillate around 1.0670 support. Source: xStation5