MNI BRIEF: No Preset Path for Rates - ECB Lagarde

Dec-18 14:18By: Les Commons
Eurozone+ 1

European Central Bank policy remains in a "good place," President Christine Lagarde told a press conference on Thursday.

"We reconfirmed we are in a good place," Lagarde said, but she added that this did not mean that policy options were static, noting the Governing Council's meeting-by-meeting stance.

The president said there was no set path for policy rates and there was a unanimous view at the meeting that "all optionalities" should remain on the table. There is no set date -- or direction --for any rate move, she said. (see MNI ECB WATCH: Rates On Hold, Eyes On Projections, Language )

"We simply can't offer forward guidance," she said, stressing the uncertain environment.

Earlier, the ECB kept its deposit facility, the main refinancing operations and the marginal lending facility unchanged at 2.00%, 2.15% and 2.40% respectively (see MNI SOURCES: No Significant Shift Seen In ECB Dec Projections )