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Hearing of the Committee on Economic and Monetary Affairs of the European Parliament

· 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, public finances and debt

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· Christine Lagarde Wiki · European Central Bank WikiHearing of the Committee on Economic and Monetary Affairs of the European Parliament

ContextStatement by Christine Lagarde before the European Parliament's Committee on Economic and Monetary Affairs, as part of the regular Monetary Dialogue.

Why it mattersLagarde tells Parliament that rates will keep rising.

Problems raised
  1. Inflation is very high.
  2. Fiscal policy may add to inflation.
  3. Transmission of tightening is uncertain.
Solutions proposed
  1. Continue raising rates.
  2. Keep fiscal support targeted.
  3. Decide based on outlook and transmission.
Read full speech on ecb.europa.eu ↗

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