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Lagarde vows ‘robust’ policy with E.C.B. ready to act as needed

By Jana Randow, Alexander Weber

22 Mar 2023 · 2 min read

Editor's Note

ECB president Christine Lagarde noted that hiking interest rates would be an option to bring underlying inflation down, especially in the light of the banking troubles globally. Bloomberg reports.

The European Central Bank will take a "robust" approach that allows it to respond to inflation risks as needed but also aid financial markets if threats emerge, according to President Christine Lagarde.

"Bringing inflation back to 2% over the medium term is nonnegotiable," she told a conference of ECB watchers in Frankfurt on Wednesday. "We will do so by following a robust strategy that is data-dependent and embeds a readiness to act, but that does not entertain trade-offs around our primary objective."

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