Wed. Sep 30th, 2020

Christine Lagarde’s first ECB press conference – business live

Rolling coverage of the latest economic and financial news, as Christine Lagarde chairs her first monetary policy meeting since becoming European Central Bank chief

Earlier:

1.57pm GMT

Q: Is it sensible to launch a strategic review at a time when the ECB isn’t meeting its inflation targets?

There is never a good time, Lagarde hits back — if you wait until all the targets are hit then people will say ‘why bother?’

1.54pm GMT

Onto questions.

Q: Your new inflation forecasts show inflation will only be 1.6% in 2022 – is that acceptable?

Continue reading…Rolling coverage of the latest economic and financial news, as Christine Lagarde chairs her first monetary policy meeting since becoming European Central Bank chiefLagarde press conference underway nowBreaking: No change at the ECBEarlier:Lagarde chairs first ECB governing council todayExpected to outline new vision for eurozone central bankAnalyst: Lagarde may challenge governments to spend morePound volatility spikes 1.57pm GMTQ: Is it sensible to launch a strategic review at a time when the ECB isn’t meeting its inflation targets?There is never a good time, Lagarde hits back — if you wait until all the targets are hit then people will say ‘why bother?’ 1.54pm GMTOnto questions.Q: Your new inflation forecasts show inflation will only be 1.6% in 2022 – is that acceptable? Continue reading…

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