· Christine Lagarde Wiki · European Central Bank WikiIMFC Statement
Read full speech on ecb.europa.eu ↗ContextWritten statement by Christine Lagarde for the 53rd meeting of the IMF's International Monetary and Financial Committee.
Why it mattersThe ECB's official written position for the IMF spring meetings, summing up its view of the euro area and the world economy.
Problems raised
- Geopolitical and trade tensions weigh on growth.
- The Middle East war raises inflation and lowers growth.
- Non-bank financial institutions pose risks.
Solutions proposed
- Base rate decisions on the inflation outlook and transmission.
- Strengthen the policy framework for non-banks.
- Deepen international cooperation.