ECB unveils latest strategy fit ‘for all circumstances’
Chief economist says unconventional tools are “unconventional for a reason”
The European Central Bank has unveiled its new monetary policy strategy.
Presenting the new framework today (June 30), ECB president Christine Lagarde highlighted that the bank’s new five-year framework had been born out of a vastly different context than its 2021 counterpart.
Lagarde, speaking at the bank’s annual forum in Sintra, Portugal, said that in 2021 the ECB worried about interest rates in the eurozone having spent too long near the effective lower bound (ELB). Now, she said, the bank
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