FRANKFURT- On Friday, President of ECB Christine Lagarde said that it was ridiculous to think that the European Central Bank’s policy is on auto-pilot mode and to believe that it would not change a year-long ECB strategy review completion.
It’s ridiculous to think that it is autopilot, according to Lagarde. Strong forward guidance is present setting a clear timetable which is fact-dependent. She reinstates the need to look at the facts and watch the economy evolve.
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