The ECB must keep rates at a "sufficiently restrictive level for as long as necessary" to achieve a "timely return of inflation to the 2% target". This was stated by ECB President Christine Lagarde. Speaking of an era of uncertainty, Lagarde notes how important it is for central banks to ensure price stability in line with their mandate.
"Clarity, flexibility and humility". These are the three elements indicated by the president of the ECB, Christine Lagarde, in Jackson Hole for central banks. "Clarity on objectives", "flexibility in analysis" and "humility" in operating in the new context, explains Lagarde.
To learn more ANSA Powell Agency, ready to raise rates again if necessary 'Restrictive policy until substantial fall in prices' (ANSA)
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