ECB President Lagarde: Back to Basics in Uncertain Environment
In a speech at the ECB Forum on Central Banking 2026, President Christine Lagarde outlined the ECB's return to conventional monetary policy tools, emphasizing data-dependent, meeting-by-meeting decisions. She highlighted that structural changes, including stronger European fiscal and banking frameworks, have reduced the need for unconventional measures, though new challenges like geopolitical risks and non-bank financial intermediation require ongoing vigilance.
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