ECB’s Lagarde: Rates likely to be positive at end of third quarter

Speaking live in a Bloomberg TV interview from the World Economic Forum (WEF) in Davos, European Central Bank (ECB) President Christine Lagarde said that rates are likely to be positive at end of the third quarter.

“For the moment not seeing recession in the euro area,” Lagarde added.

• ECB's Lagarde: Markets shouldn't translate words into any percentage point moves

Market reaction

EUR/USD was last seen trading at 1.0729, adding 0.39% on the day.