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Lagarde: Market Expectations Converging "Better"

ECB

Q: How is the current market pricing aligning with your views? Is this a better reflection of where policy might be going? Could you tell us where the framework review stands? Is the minimum reserve ratio part of that?


A: Market expectations seem to be converging better.


A: We have had a short discussion on the operational framework. My strong expectation is that it will be completed by the March 13 non-monetary policy meeting and it will be published following that meeting.

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