· Christine Lagarde Wiki · European Central Bank WikiThe path ahead
Read full speech on ecb.europa.eu ↗ContextSpeech by Christine Lagarde at the 23rd "ECB and Its Watchers" conference.
Why it mattersLagarde explains the path ahead days after the spring bank stress.
Problems raised
- The euro area was hit by an inflation shock.
- Underlying inflation remains strong.
- Headline inflation will decline but core is sticky.
Solutions proposed
- Bring inflation down to target in a timely manner.
- Monitor underlying inflation measures.
- Remain data-dependent.