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MNI BRIEF: ECB Operational Framework Review Advancing-Lagarde

(MNI) LONDON
(MNI) London

Decisions on the framework to be important over the longer term, the ECB's Lagarde says.

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Work is advancing at a fast pace on the European Central Bank's Operation Framework review, ECB President Christine Lagarde said Thursday, with technical work set to be largely ready by the spring. She said there were many points to discuss, but the main decision points were being narrowed down.

Any decisions on the framework may have limited impact in the immediate future given the current size of the balance sheet, but would be important in years to come, she said. (See MNI INTERVIEW: ECB To Move Cautiously On Reserve RemunerationRemuneration)

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Work is advancing at a fast pace on the European Central Bank's Operation Framework review, ECB President Christine Lagarde said Thursday, with technical work set to be largely ready by the spring. She said there were many points to discuss, but the main decision points were being narrowed down.

Any decisions on the framework may have limited impact in the immediate future given the current size of the balance sheet, but would be important in years to come, she said. (See MNI INTERVIEW: ECB To Move Cautiously On Reserve RemunerationRemuneration)