Lagarde warns fragmented world could be inflationary

“Multipolarity” could also raise global co-ordination challenges, ECB president says

ECB president July 2021
Christine Lagarde

Geopolitical shifts are causing the global economy to fragment into “competing blocs”, which could create a more inflationary environment, Christine Lagarde said on April 17.

The European Central Bank president said there could be “profound” effects for central banks, including “more instability” as supply becomes less elastic.

Lagarde noted central banks performed poorly during another major period of geopolitical upheaval, in the 1970s. “They failed to provide an anchor of monetary stability

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.