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

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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 the new Parliament that weak demand and rising services prices complicate policy.

Problems raised
  1. Energy shocks and geopolitics hit growth.
  2. Domestic demand is weak.
  3. Services inflation is rising.
Solutions proposed
  1. Keep policy geared to 2% inflation.
  2. Watch core inflation.
  3. Engage with the new Parliament.
Read full speech on ecb.europa.eu ↗

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