In an interview with the Financial Times (FT) on Tuesday, the president of the European Central Bank (ECB), Christine Lagarde, has made important comments about the new strategy and a possible tightening.
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“The use of ‘persistent’ is an indication that there cannot be premature monetary tightening as we have seen in the past.”
“A new strategy gives us the ability to be flexible around 2% inflation.”
“The 2% is not a ceiling, we recognize that there will be oscillation around 2%.”
“We accept that it may imply, on a temporary basis, moderate deviations above 2%”
“We will have to redefine our forward orientation to align with the strategy review.”
“Not under the illusion that every political meeting will have unanimity.”
“There will be a different positioning and that is fine.”
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