Monetary policy in a new environment
· 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, climate, energy and nature, public finances and debt, growth, investment and productivity
CL · Christine Lagarde Wiki · European Central Bank WikiMonetary policy in a new environmentContextSpeech by Christine Lagarde at the European Banking Congress in Frankfurt.
Why it mattersLagarde asks governments to consolidate without cutting investment.
Problems raised- Policymakers face unpredictable shocks.
- Climate investment needs public funding.
- Fiscal consolidation may cut investment.
Solutions proposed- Adapt monetary policy to the new environment.
- Consolidate by cutting transfers, not investment.
- Support climate-related investment.
Read full speech on ecb.europa.eu ↗More from Christine Lagarde · European Central Bank · all speeches
More speeches by Christine Lagarde
Other leaders on monetary policy and interest rates
