September 12, 2024 13:33 GMT
ECB: Lagarde: Convinced Consumption Will Pick Up In 25/26
ECB
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Q: Were there other parts of today’s decision that were not unanimous?
A:
- "We had extensive discussions on the data that we receive and the staff analysis. We tested the rationale behind the current recovery and the pickup we expect in 2025/2026".
- "We were convinced that consumption will pickup due to fading monetary policy impact, rising incomes and fading inflation. We tested this. Some are more pessimistic and some optimistic, but we tested the outlook".
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