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Lagarde: We can no longer rely exclusively on the projections provided by our models

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Interview with Christine Lagarde, President of the ECB, conducted by Morgane Miel on 13 July 2022 and published on 25 August 2022

From ecb.europa.eu

The past two years, which have also been the start of your term of office, have been challenging: on top of the public health crisis came the war in Ukraine and, in turn, the runaway inflation of recent months. What have they been like for you? My feeling when I look back on these past few months is particularly one of always being on the lookout, always on alert. Yet when I took office in the autumn of 2019, my predecessor Mario Draghi had told me: “it will be relatively calm; we have restarted the asset purchase programme at a monthly pace of €20 billion and that should allow us to continue to fulfil our price ... (full story)

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