Strategy assessment: lessons learned
· 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
CL · Christine Lagarde Wiki · European Central Bank WikiStrategy assessment: lessons learnedContextIntroductory speech by Christine Lagarde at the ECB Forum on Central Banking 2025 in Sintra, Portugal.
Why it mattersThe ECB presents the results of its strategy review, adding scenario analysis and a stronger reaction to large shocks.
Problems raised- The past strategy was shaped by too-low inflation.
- The environment may become more volatile.
- Expectations could de-anchor upward.
Solutions proposed- Make the economic assessment more robust with scenarios.
- React forcefully, then persistently, to big shocks.
- Look ahead rather than only at the past.
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