Press conference with Lagarde begins, largely...>

ECB: Press conference with Lagarde begins, largely repeating opening statement:

- Incoming data show muted inflation pressures. But some signs of stabilisation

in growth slowdown and mild increase in inflation pressures.

- Sep package ensures favourable financing conditions. Easier borrowing

conditions for households and firms underpinning spending and business

investment. This will support euro area expansion and build up in domestic price

pressures and robust convergence of inflation to target.

- Monetary policy to remain highly accommodative for a prolonged period of time.

- GC stands ready to adjust all instruments as appropriate for inflation to meet

target. In line with commitment to symmetry

- Underlying weakness in international trade weighing on manufacturing.

Construction and services sectors remain resilient.