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Lagarde, resolute on inflation but let's look at uncertainty

2023-03-22T10:22:21.534Z


"We can be certain of one thing: we will achieve price stability and we will not compromise on the commitment to bring inflation back to 2% in the medium term. (ANSA)


(ANSA) - ROME, MARCH 22 - "We can be certain of one thing: we will achieve price stability and we will not compromise on the commitment to bring inflation back to 2% in the medium term. To this end, we will follow a solid strategy, which is based on the data and sees us ready to act, but without compromising on our primary objective": said the president of the ECB Christine Lagarde, speaking at the conference The ECB and ItsWatchers XXIII.

However, the president added that "a solid strategy is needed, which takes into account the considerable uncertainty in which we move today".

Quoting Voltaire, she clarified that "Uncertainty is an uncomfortable position. But certainty is an absurd position", and therefore "in the face of new and superimposed shocks, facing uncertainty is currently our only choice", she added. .


    The president explained that "a priori, we are not committed to raising rates further nor that we have finished increasing them", explained Lagarde, reiterating that "if the baseline scenario of our most recent projections is confirmed, we will still have a long way to go to ensure let inflationary pressures be defused".

(HANDLE).


Source: ansa

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