US EditionCritical Insight: ECB's Lagarde Champions Data-Dependent Policy Amid Economic Crossroads
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Critical Insight: ECB's Lagarde Champions Data-Dependent Policy Amid Economic Crossroads
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We have to be data dependent
Christine Lagarde, President of the European Central Bank (ECB), spoke to Bloomberg TV on Tuesday. She claimed that they need to keep an eye on the medium term while checking data. Key quotes: We are between baseline and adverse scenario. We need to keep eyes on medium term while checking data daily. We have to be completely agile. We have to be data dependent. 2022 shock was a combination of supply and demand, that was a vastly different situa…
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