ECB's Lagarde says no recession under baseline

tweet at 9:12am: *LAGARDE: PRIOR GUIDANCE ON SEPT. RATE MOVE NO LONGER APPLIES tweet at 9:12am: ECB'S PRESIDENT LAGARDE: ACCELERATING EXIT BUT NOT CHANGING ULTIMATE POINT OF ARRIVAL. tweet at 9:16am: ECB'S PRESIDENT LAGARDE: THE ECB IS CAPABLE OF GOING BIG ON TPI. tweet at 9:15am: ECB'S PRESIDENT LAGARDE: IF TPI ACTIVATED, IT WILL AVOID INTERFERENCE WITH STANCE. tweet at 9:21am: ECB'S PRESIDENT LAGARDE: THE COMPLIANCE OF EU FISCAL FRAMEWORK A CONDITION OF TPI.

tweet at 9:03am: MORE ECB'S LAGARDE: TRANSMISSION PROTECTION INSTRUMENT (TPI) WAS APPROVED UNANIMOUSLY #ecb #eurozone #inflation #monetarypolicy #interestrates #christinelagarde tweet at 9:04am: ECB'S PRESIDENT LAGARDE: BIGGER RATE HIKE JUSTIFIED BY MATERIALIZATION OF INFLATION RISK, AMONG OTHERS. tweet at 9:05am: *LAGARDE: TPI EXISTENCE ALLOWED #ECB TO OPT FOR LARGER HIKE - BBG *LAGARDE SAYS ALL ECB MEMBERS RALLIED TO CONSENSUS OF 50BP HIKE tweet at 9:06am: NEW: Lagarde says on TPI, all members of the euro area can be eligible. The GC will determine on basis of eligibility criteria whether or not a country is eligible and whether it activates the TPI. "Voila!" tweet at 9:10am: #ECB LAGARDE: #TPI PURCHASES AT DISCRETION OF GOVERNING COUNCIL - BBG *LAGARDE: THOROUGH ANALYSIS TO PRECEED PURCHASES UNDER TPI *LAGARDE: ECB WILL TAKE MULTIPLE INDICATORS INTO ACCOUNT FOR TPI

tweet at 8:52am: ECB'S LAGARDE SAYS FIRMS FACE HIGHER COSTS, SUPPLY CHAIN DISRUPTIONS ECB'S LAGARDE SAYS SUPPLY BOTTLENECKS MAY BE EASING ECB'S LAGARDE SAYS OUTLOOK CLOUDED FOR H2 AND BEYOND tweet at 8:52am: *#ECB LAGARDE: ECONOMIC ACTIVITY IS SLOWING - BBG *LAGARDE: RUSSIA'S WAR IS `ONGOING DRAG ON GROWTH' *LAGARDE: TENTATIVE SIGNS THAT SOME SUPPLY SNARLS ARE EASING tweet at 8:55am: *#ECB LAGARDE: ENERGY PRICES TO STAY HIGH IN NEAR TERM - BBG *LAGARDE: PRICE PRESSURES ARE SPREADING ACROSS SECTORS *LAGARDE: MOST CORE INFLATION MEASURES HAVE RISEN FURTHER *LAGARDE: INFLATION TO REMAIN UNDESIRABLY HIGH FOR SOME TIME tweet at 8:55am: ECB'S PRESIDENT LAGARDE: HIGHER INFLATION PRESSURES ALSO STEM FROM WEAKER EURO. tweet at 8:57am: *#ECB LAGARDE: PROLONGED WAR A DOWNSIDE RISKS TO GROWTH - BBG *LAGARDE: RISKS TO INFLATION ON UPSIDE

The Governing Council today approved the Transmission Protection Instrument (TPI). The Governing Council assessed that the establishment of the TPI is necessary to support the ...