ECB President Lagarde to Hold Monetary Policy Press Conference at 20:45 Beijing Time

The press conference is the venue where the ECB's policy stance gets translated into forward guidance, so Lagarde's language matters more than the decision itself for euro-area rates and, by extension, crypto and RWA risk appetite. What matters is whether she signals continuity or a shift in the economic outlook framing, since that shapes how markets price the next move. The open question is how explicitly she addresses the balance of inflation and growth risks.