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IMFC Statement

· 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, trade, fragmentation and geopolitics, growth, investment and productivity

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· Christine Lagarde Wiki · European Central Bank WikiIMFC Statement

ContextWritten statement by Christine Lagarde for the 49th meeting of the IMF's International Monetary and Financial Committee.

Why it mattersThe ECB tells the IMF that disinflation is on track but non-banks showed stress.

Problems raised
  1. Growth prospects are subpar.
  2. Geopolitical tensions raise inflation risks.
  3. Non-bank finance showed stress.
Solutions proposed
  1. Keep disinflation on track.
  2. Strengthen the non-bank policy framework.
  3. Coordinate internationally.
Read full speech on ecb.europa.eu ↗

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