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Lagarde Takes BLS Into Account

ECB
Q: Are you worried that you have gone too far given the results of the bank lending survey?
  • A: We believe that current policy rates will make the substantial contribution that is needed to return inflation to target over the medium term. We have take into account the bank lending survey.

Q: The rise of bond yields helps with the transmission of monetary policy, but it could become a risk to financial stability. Do you agree with both points of view and do you think it could make it difficult to find the right balance in the future?

  • A: This is a movement that originated outside the euro area and is not directly related to the fundamentals of the euro area. We take that into account.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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