ECB Watch | Lagarde's strategy

Summary

Overall, Mrs Lagarde’ first post-meeting press conference went as expected, with an outspoken communication style when talking about different issues not strictly related to monetary policy, and an unchanged line on the monetary policy stance.

Key points

• Key points:
• Lagarde confirmed at her first press conference the launch of a comprehensive review of ECB’s strategy, with a broad scope and lasting throughout 2020.
• The monetary policy stance is unchanged and therefore it continues to be dovish
• ECB economic projections are broadly unchanged, though growth stabilization and higher core inflation is recognized, while downward risks are less pronounced

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