(Finance) – The European Central Bank (ECB) must take into account a multiplicity of factors in its decisions, but “we cannot be dominated by budgetary issuesnor from financial matters, e we must carry out our mandatewhich is about price stability. “This was stated by the president of the Frankfurt institution, Christine Lagarde, during an event at the London School of Economics. On other aspects “the budgetary authorities will have to do their job”, he explained, as on the increases in energy prices, where “only the tax authorities can ensure that they are distributed fairly and that aid goes to the most vulnerable. monetary policy can do it “.
The number one of the ECB spoke of crisis and decision-making policies, green economy and gender equality, but not made no direct reference to the emergency meeting of the Governing Council to respond to the surge in rates and spreads on government bonds.
Lagarde made a number of considerations on governance activity during crises, in which she claimed to have considerable experience. “In my current assignment a lot of work is done based on expectations of future actions“, he explained.” Crises always come in phases of profound uncertainty, because they are never the same and with uncertainty you have to have courage – he added – The courage to act even when you do not have all the information and the courage to change , when the facts become clear “.
“The crises – according to the president of the ECB – they require bold decisions and flexible minds, but they cannot authorize any action. You have to stick to the mandates received. And you must adhere not only to the letter, but to the spirit of the mandate “.