IMFC Statement
· 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, trade, fragmentation and geopolitics, growth, investment and productivity
CL · Christine Lagarde Wiki · European Central Bank WikiIMFC StatementContextWritten statement by Christine Lagarde for the 50th meeting of the IMF's International Monetary and Financial Committee.
Why it mattersThe ECB tells the IMF that downside risks to growth are rising and trade is fragmenting.
Problems raised- Risks to growth are tilting downward.
- Geopolitical conflicts and elections could shake markets.
- Trade is fragmenting along geopolitical lines.
Solutions proposed- Keep monetary policy focused on inflation.
- Guard against feedback loops between governments and finance.
- Strengthen international cooperation.
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
