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ECB: Lagarde: Not for me to say if this is Germany's "whatever it takes" moment

ECB
BundesbankCentral Bank NewsEM BulletEuropean Central BankEmerging Market NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • Q: You’ve said mon pol and fiscal policy should work hand in hand, is that still possible?
  • A: It’s work in progress but if the EC’s proposal and the two proposals identified by future Chancellor Merz, it would certainly have a fiscal impact on demand, which we’d have to factor in. We target price stability and will strictly adhere to this mandate. We are attentive to the inflation outlook. If your question is asking would you not participate in a financing effort, this isn’t’ the purpose of the ECB.
  • Q2: Do you considering we’re in a whatever it takes moment as Merz said?
  • On whatever it takes, geopolitical risks and determination by policymakers on the other hand. Defence investment typically a source of innovation and could improve productivity. We’re hoping that’s the case. Is it a whatever it takes moment for the German economy, it’s not for me to say.
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  • Q: You’ve said mon pol and fiscal policy should work hand in hand, is that still possible?
  • A: It’s work in progress but if the EC’s proposal and the two proposals identified by future Chancellor Merz, it would certainly have a fiscal impact on demand, which we’d have to factor in. We target price stability and will strictly adhere to this mandate. We are attentive to the inflation outlook. If your question is asking would you not participate in a financing effort, this isn’t’ the purpose of the ECB.
  • Q2: Do you considering we’re in a whatever it takes moment as Merz said?
  • On whatever it takes, geopolitical risks and determination by policymakers on the other hand. Defence investment typically a source of innovation and could improve productivity. We’re hoping that’s the case. Is it a whatever it takes moment for the German economy, it’s not for me to say.