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MNI BRIEF: Fed Must Be Mindful Of MonPol Spillovers - Lagarde

(MNI) Riga

Global central banks have to be both “mindful of one another” and attentive to monetary policy spillovers at the same time they pursue their individual mandates, ECB president Christine Lagarde said Thursday.

Asked whether yesterday's 75bps Fed hike will be mean the ECB has to hike less as a result of reduced global demand, Lagarde said that would not be the appropriate conclusion. However differences in the US and euro area economies do mean that ECB and the Fed cannot raise rates at the same pace going forward, Lagarde told a central bank forum hosted by the National Bank of Latvia.

MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
Central Bank NewsPolicy NewsEuropean Central BankCEEMEAEurozoneEuropean Central Bank (ECB) Market NewsBriefStoryRegion
MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
Central Bank NewsPolicy NewsEuropean Central BankCEEMEAEurozoneEuropean Central Bank (ECB) Market NewsBriefStoryRegion

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