Finding resilience in times of uncertainty
· Christine Lagarde, President of the European Central Bank (Euro area (EU))
Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, financial stability, trade, fragmentation and geopolitics
CL · Christine Lagarde Wiki · European Central Bank WikiFinding resilience in times of uncertaintyContextSpeech by Christine Lagarde at an event organised by the Central Bank of Cyprus.
Why it mattersLagarde describes the war as a supply shock.
Problems raised- The war is a supply shock.
- It raises inflation and reduces growth.
- Uncertainty is high.
Solutions proposed- Build resilience as Cyprus did.
- Keep monetary policy flexible.
- Monitor inflation.
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