Rolling coverage of the latest economic and financial news, as Christine Lagarde chairs her first monetary policy meeting since becoming European Central Bank chief
- Lagarde chairs first ECB governing council today
- Expected to outline new vision for eurozone central bank
- Analyst: Lagarde may challenge governments to spend more
- Pound volatility spikes
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?’
Q: Your new inflation forecasts show inflation will only be 1.6% in 2022 – is that acceptable?