ECB’s Lagarde: We remain focused on price stability; we expect inflation to stabilise sustainably at our 2% medium term target

It is a pleasure to be back in this plenary chamber for the debate on your draft resolution on the ECB’s Annual Report. Today’s debate is a key pillar of our accountability to you, the elected representatives of the European Union. Your resolution underscores that the ECB’s independence is essential for us to deliver on our mandate of price stability. At a time when central bank independence is being challenged in parts of the world, your clear support sends an important signal. But, as you also emphasise, independence does not mean isolation. The ECB does not stand apart from democratic scrutiny. Our ... (