Monetary policy in an unusual cycle: the risks, the path and the costs
· 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, labour markets and jobs
CL · Christine Lagarde Wiki · European Central Bank WikiMonetary policy in an unusual cycle: the risks, the path and the costsContextIntroductory speech by Christine Lagarde at the ECB Forum on Central Banking 2024 in Sintra, Portugal.
Why it mattersLagarde explains why this inflation cycle differs and how the ECB weighs policy costs.
Problems raised- The economy is transforming.
- People pay more attention to inflation.
- Staggered wages made inflation persistent.
Solutions proposed- Assess risks and the path carefully.
- Weigh the costs of policy.
- Keep inflation on track to target.
Read full speech on ecb.europa.eu ↗More from Christine Lagarde · European Central Bank · all speeches
More speeches by Christine Lagarde
Other leaders on monetary policy and interest rates
