(Finance) – Calculating the collateral effects of their decisions on other jurisdictions “is something that all central banks do, but all central banks have a mandate, a mission, an associated territory, more or less large, and even if the collateral effects of a decision in other regions are taken into account, one is forced to honor one’s mandate”. The said it ECB President Christine Lagarde during a panel at the Aix-en-Provence economic meeting.
In an interview released today, Lagarde reiterated that the work of monetary policy to bring down inflation is not over, thus confirming the orientation to further raise rates at the Governing Council meeting at the end of July.