ECB's president Lagarde: Too early to draw any firm conclusions on strategy review

Market news

30 September 2020

ECB's president Lagarde: Too early to draw any firm conclusions on strategy review

Strategy review has yet to be concluded
Low inflation poses fundamental challenges
Policy must remain expansionary for as long as necessary to achieve ECB goals
To underpin inflation expectations, need to ensure our aim is symmetric
A persistent failure to meet inflation target can feed into inflation expectations
We need to have a clear consensus - agreed by the governing council - on what tools are available when inflation is too low
Measures we have taken since march this year will increase inflation by around 0.8 percentage points cumulatively between 2020 and 2022, and GDP growth by around 1.3 percentage points
Make-up strategies on inflation should be examined

ECB's governing council member Weidmann: Large-scale government bond purchases risk blurring line between fiscal and monetary policy

Germany's unemployment rate declines to 6.3 percent in September

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