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Central banks in a fragmenting world

· 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, trade, fragmentation and geopolitics

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· Christine Lagarde Wiki · European Central Bank WikiCentral banks in a fragmenting world

ContextSpeech by Christine Lagarde at the Council on Foreign Relations' C. Peter McColough Series on International Economics.

Why it mattersLagarde warns that geopolitical fragmentation could raise inflation and volatility.

Problems raised
  1. Geopolitical plates are shifting fast.
  2. Fragmentation could raise inflation and volatility.
  3. Fiscal support that sustains incomes can fuel inflation.
Solutions proposed
  1. Keep monetary policy focused on price stability.
  2. Target fiscal support and keep it temporary.
  3. Strengthen the international role of the euro.
Read full speech on ecb.europa.eu ↗

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