ECB’s Lagarde: Low inflation poses fundamental challenges

Low inflation poses fundamental challenges to the European Central Bank (ECB), President Christine Lagarde said at the ECB and its Watchers Conference hosted by the Institute for Monetary and Financial Stability, in Frankfurt.

Further comments

“Strategy review has yet to be concluded.”

To underpin inflation expectations, we need to ensure that our aim is perceived to be symmetric by the public.”

Both policies must remain expansionary for as long as necessary to achieve their respective goals.”

more to come ...

About President Lagarde

The European Central Bank's President Christine Lagarde, born in 1956 in France, has formerly served as Managing Director of the International Monetary Fund, and minister of finance in France. She began her eight-year term at the helm of the ECB in November 2019. As part of her job in the Governing Council, Lagarde holds press conferences in detailing how the ECB observes the current and future state of the European economy. Her comments may positively or negatively the euro's trend in the short-term. Usually, a hawkish outlook is boosts the euro (bullish), while a dovish one weighs on the common currency(bearish).