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."