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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: 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 defends the September hike and asks governments to end energy support.

Problems raised
  1. Inflation remains above the 2% target.
  2. Energy support measures could fuel inflation.
  3. Public debt is high and uneven across countries.
Solutions proposed
  1. Raise key rates by 25 basis points.
  2. Roll back energy support measures.
  3. Reform EU fiscal rules to lower debt and its heterogeneity.
Read full speech on ecb.europa.eu ↗

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