· Christine Lagarde Wiki · European Central Bank WikiIMFC Statement
Read full speech on ecb.europa.eu ↗ContextWritten statement by Christine Lagarde for the 52nd meeting of the IMF's International Monetary and Financial Committee.
Why it mattersThe ECB's official position for the IMF annual meetings, covering growth, non-banks and stablecoin rules.
Problems raised
- Global growth is set to soften as tariff front-loading fades.
- Leverage in non-banks could amplify market stress.
- Fragmented stablecoin rules enable arbitrage.
Solutions proposed
- Keep the symmetric 2% target with an updated framework.
- Monitor non-bank vulnerabilities.
- Cooperate internationally on stablecoins and climate risks.