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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, financial stability, climate, energy and nature, trade, fragmentation and geopolitics

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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 rates will stay restrictive until inflation returns to target.

Problems raised
  1. Geopolitical tension is fragmenting the global economy.
  2. Uncertainty and economic volatility are rising.
  3. Climate change adds new risks to the economy.
Solutions proposed
  1. Keep rates at restrictive levels until inflation returns to target.
  2. Review the ECB's climate actions to focus where risks are greatest.
  3. Make European economies more resilient to shocks.
Read full speech on ecb.europa.eu ↗

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