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Building confidence in the path ahead

· Christine Lagarde, President of the European Central Bank (Euro area (EU))

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· Christine Lagarde Wiki · European Central Bank WikiBuilding confidence in the path ahead

ContextSpeech by Christine Lagarde at the 24th "ECB and its Watchers" conference at Goethe University Frankfurt.

Why it mattersLagarde explains what data the ECB needs before cutting rates.

Problems raised
  1. Uncertainty about inflation persistence remains.
  2. Domestic price pressures are strong.
  3. Domestic inflation is at 4.5%.
Solutions proposed
  1. Build confidence before cutting rates.
  2. Watch underlying inflation measures.
  3. Follow a data-dependent path.
Read full speech on ecb.europa.eu ↗

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