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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, climate, energy and nature, 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 energy support measures fuel inflation.

Problems raised
  1. Inflation remains too high.
  2. Energy support measures fuel inflation.
  3. Stronger policy response may be needed.
Solutions proposed
  1. Keep raising rates to return inflation to target.
  2. Roll back energy support measures promptly.
  3. Coordinate fiscal and monetary policy.
Read full speech on ecb.europa.eu ↗

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