Watch live: ECB President Christine Lagarde speaks after rate decision
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European Central Bank President Christine Lagarde is due to give a press conference following the bank’s latest monetary policy decision.
The ECB, the central bank of the 19 nations that share the euro currency, opted for a smaller rate hike this time around, taking its key rate from 1.5% to 2%.
It also said that from the beginning of March 2023 it would begin to reduce its balance sheet by 15 billion euros ($16 billion) per month on average until the end of the second quarter of 2023.