Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave the key interest rates unchanged in April and responds to questions from the press.

Key quotes

"Economy remains weak."

"Surveys point to gradual recovery."

"Recovery to be supported by rising real incomes."

"Exports to pick up in coming quarters."

"Tightness in labour market is gradually declining."

"Price pressures are gradually diminishing."

"Inflation to fluctuate around current levels in coming months."

"Inflation will then decline to target next year."

"Risks to growth are tilted to the downside