Lagarde lays out ECB’s data-dependent rate path

ECB president stresses bringing inflation to target is “non-negotiable”

ECB President Christine Lagarde February 2022
Christine Lagarde

European Central Bank president Christine Lagarde laid out a data-dependent rate path for the central bank as it looks to tame above-target inflation while avoiding financial instability.

Lagarde stressed in a speech today (March 22) that bringing inflation back to the 2% target is “non-negotiable” for the institution. In February, year-on-year headline inflation stood at 8.5% and core inflation at 5.6%.

In its latest policy meeting on March 16, the central bank’s governing council decided to

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