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ECB's Lagarde says easy monetary policy still needed

29 days ago   |   By Politico

FRANKFURT - The European Central Bank must keep monetary policy loose and not overreact to temporary price spikes in order to ensure inflation returns to its target, ECB President Christine Lagarde said Tuesday.
Opening a two-day conference on monetary policy after the end of the pandemic, Lagarde highlighted the atypical nature of the recovery, which calls on policymakers to focus on steering the economy safely out of the crisis.
“The key challenge is to ensure that we do not overreact to transitory supply shocks that have no bearing on the medium term, while also nurturing the positive...
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