Christine Lagarde Sees Clear Direction for ECB Rates

The direction of European Central Bank borrowing costs is clear but the pace at which they’ll be lowered is still to be decided, according to President Christine Lagarde, who didn’t rule out bigger moves.

Speaking Tuesday on the sidelines of the International Monetary Fund and World Bank annual meetings, Lagarde said disinflation is on the right track, describing recent numbers as “relatively reassuring.”

00:00 - Intro
00:22 - Lagarde discusses inflation in Europe
07:19 - Lagarde on wages, European consumers
12:25 - Lagarde on ECB monetary policy
16:04 - Lagarde on Draghi report on the future of European competitiveness
21:30 - Lagarde on trade
24:30 - Lagarde on the US economy
26:15 - Lagarde on Trump's comments about Powell's job
27:00 - Lagarde on IMF/World Bank week

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