ECB’s President Lagarde: Our decisions must rely on data

Christine Lagarde Discusses ECB Strategy with Bloomberg TV

During an interview with Bloomberg TV on Tuesday, Christine Lagarde, the President of the European Central Bank (ECB), emphasized the importance of focusing on long-term objectives while closely monitoring economic data.

Main Points from Lagarde's Interview

• The current situation falls somewhere between the expected outlook and a more negative scenario.
• It is essential to maintain a medium-term perspective, even as daily data is reviewed.
• Flexibility and the ability to adapt quickly are crucial for the ECB.
• Decisions must be guided by the latest available data.
• The economic shock in 2022 was unique, driven by both supply and demand factors, making it a very different challenge.
• While the ECB relies on data to guide its actions, it stands ready to respond promptly when necessary.
• Ongoing communication with fiscal policymakers is vital, and their measures should be precise and well-targeted.
• Lagarde assured that she will continue to lead the ECB through uncertain times, stating she will not abandon her role while challenges remain ahead.