Lagarde speech: Under present circumstances, a rate hike in 2022 is very unlikely

In her usual post-meeting press conference, ECB President Christine Lagarde said that under the current economic circumstances, a rate hike in 2022 is very unlikely. 

Additional Takeaways: 

"Omicron might have a dampening impact."

"A few members did not agree."

"Really making progress towards the inflation target."

"2023, 2024 projections not at target."

"There is possible upside risk in inflation."

"Not seeing second-round effects in wages."

"Energy prices probably going to stabilise."

"PEPP resumption would need a council vote."