Watch live: ECB President Christine Lagarde speaks after rate decision

European Central Bank President Christine Lagarde is giving a press conference following the bank's latest monetary policy decision.

[The stream is slated to start at 8:45 a.m. ET. Please refresh the page if you do not see a player above at that time.]bank's latest monetary policy decisionIt announced a new rate increase of a quarter percentage point, bringing its main rate to 3.75%, completing a full year of consecutive rate hikes in the euro zone.

"Inflation continues to decline but is still expected to remain too high for too long," the ECB said Thursday in a statement.

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