Lagarde say ECB to decide 'meeting by meeting' on rates

European Central Bank President Christine Lagarde said today that any further interest rate increases by the ECB "will depend on the future."

Speaking on RTÉ's Today with David McCullough, Christine Lagarde said we are living "through such uncertain times".

The ECB has decided to "actually assess the situation, look at the data, look at three things - the inflation outlook, the underlying inflation, and the transmission of our monetary policy into the economy," she said.

"And it's on the basis of these three elements and on the data that we receive, the projections that we produce, that we then decide what we have to do," she added.

She said the "only thing that we are absolutely confident about is the goal. We have to bring inflation to 2% and we have to offer price stability to Europeans," she explained.