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Communication and monetary policy

· 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 WikiCommunication and monetary policy

ContextSpeech by Christine Lagarde at the Distinguished Speakers Seminar of the European Economics & Financial Centre.

Why it mattersLagarde explains how the ECB must reach the wider public, not just experts.

Problems raised
  1. The world is marked by high volatility.
  2. Citizens paid little attention to monetary policy when inflation was low.
  3. Managing expectations is harder in crises.
Solutions proposed
  1. Communicate clearly to anchor expectations.
  2. Reach a broader public, not only experts.
  3. Explain policy in accessible language.
Read full speech on ecb.europa.eu ↗

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