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The fight against inflation

· 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 WikiThe fight against inflation

ContextSpeech by Christine Lagarde at the Deutscher Sparkassentag 2023, the congress of German savings banks, in Hanover.

Why it mattersLagarde says the ECB will squeeze inflation out of the economy.

Problems raised
  1. Inflation remains too high.
  2. The effect of tightening is still uncertain.
  3. Inflation must be squeezed out of the economy.
Solutions proposed
  1. Continue raising rates as needed.
  2. Assess transmission of past tightening.
  3. Stay determined to reach the 2% target.
Read full speech on ecb.europa.eu ↗

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