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Price stability and policy transmission in the euro area

· Christine Lagarde, President of the European Central Bank (Euro area (EU))

Summary written by Dark Majestic in its own words · topics: inflation and price stability

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· Christine Lagarde Wiki · European Central Bank WikiPrice stability and policy transmission in the euro area

ContextSpeech by Christine Lagarde at the ECB Forum on Central Banking 2022 in Sintra, Portugal.

Why it mattersLagarde's Sintra speech commits to smooth transmission as rates rise.

Problems raised
  1. Inflation is undesirably high.
  2. Expectations may de-anchor.
  3. Transmission may be fragmented.
Solutions proposed
  1. Continue policy normalisation.
  2. Withdraw accommodation promptly if needed.
  3. Ensure smooth transmission across the euro area.
Read full speech on ecb.europa.eu ↗

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