ECB President Lagarde: Governments should withdraw support measures.

ECB President Lagarde: Growth in the services sector is stronger.

ECB President Lagarde: The outlook for the industrial sector is deteriorating.

ECB President Lagarde: There are imbalances in all areas of the economy.

ECB President Christine Lagarde: Private sector domestic demand is likely to remain weak.

ECB President Christine Lagarde reiterated the ECB policy statement.

Reminder: ECB President Christine Lagarde press conference begins.

U.S. Treasury yields surged after the ECB rate decision and U.S. data, with the 2-year yield jumping 3 basis points to 3.8665%.

U.S. crude oil exports reached 4.83 million barrels per day in March (compared to 3.99 million barrels per day in February).

ECB: Regarding the Emergency Pandemic Purchase Program (PEPP), the ECB intends to reinvest principal payments on maturing securities until at least the end of 2024.

The euro short-term rate (ESTR) fell to 3.58% in September 2023 from 3.63% before the ECB statement.

The Euro Stoxx 600 index maintained losses after the announcement of the ECB interest rate decision and was last down 0.9%.

European Central Bank: There are uncertainties in the lag of monetary policy and the strength of transmission to the real economy.

ECB: Future decisions of the Governing Council will ensure that inflation returns to the medium-term target of 2% in time and will remain there if necessary.

The European Central Bank: will continue to be flexible in reinvesting the Emergency Anti-epidemic Bond Purchase Program (PEPP).

ECB: Will periodically assess the impact of the Long-Term Refinancing Operation (TLTRO) on the policy stance.