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Monetary policy 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: monetary policy and interest rates, inflation and price stability

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· Christine Lagarde Wiki · European Central Bank WikiMonetary policy in the euro area

ContextKarl Otto Pöhl Lecture by Christine Lagarde, organised by the Frankfurter Gesellschaft für Handel, Industrie und Wissenschaft.

Why it mattersLagarde vows to prevent a lasting inflation problem.

Problems raised
  1. Inflation is far too high.
  2. Record inflation for ten months.
  3. Expectations may de-anchor.
Solutions proposed
  1. Keep expectations anchored.
  2. Continue raising rates.
  3. Prevent a lasting inflation problem.
Read full speech on ecb.europa.eu ↗

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