- ECB's President Lagarde: World economy outlook remains sluggish and uncertain
Market news
2 December 2019
ECB's President Lagarde: World economy outlook remains sluggish and uncertain
- Euro area growth remains weak
- Weakness has been mainly due to global factors
- ECB is ambitious to do, and to play its part in accordance with its mandate
- Consumption is held up fairly well
- Central bank digital currency would allow citizens to use central bank money directly in their daily transactions
- Depending on its design, a central bank digital currency could pose risks
- Relative resilience of services so far is the key reason why employment has not been affected by the global manufacturing slowdown
- Governing councils decisions in September showed that it was alert to that potential side effects of monetary policy
- Strategy review will be guided by 2 principles, thorough analysis and an open mind
- It is premature to venture here into debate about the precise scope direction and timeline of our strategy review
- ECB remains resolute in its commitment to deliver on its mandate
- Monetary policy strategy will start in the near future
- Question that is common is how to best define the medium-term objective of monetary policy, so as to ensure that expectations are firmly anchored
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