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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, 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 Parliament that trade tensions create two-sided risks to euro area inflation.

Problems raised
  1. Trade tensions could slow growth.
  2. Supply chain fragmentation and rerouted exports affect inflation.
  3. Inconsistent global rules create arbitrage.
Solutions proposed
  1. Keep Europe a pillar of stability.
  2. Monitor two-sided inflation risks.
  3. Implement FSB frameworks consistently.
Read full speech on ecb.europa.eu ↗

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