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Lagarde: Commitment and persistence: monetary policy in the economic recovery
It is a pleasure to speak to you this morning. Today’s conference focuses on adapting to the challenges of the post-pandemic world, which is crucial to ensuring that our economies can emerge from this crisis stronger. But as much as we need to look to the future, we still have hurdles to overcome in the present. We are still in a phase where the economy is reopening and the effects of the pandemic have not yet fully played out. In particular, rising energy prices, supply bottlenecks and the withdrawal of physical distancing measures are causing considerable frictions in some sectors. This is being reflected in high ... (full story)
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