March 22, 2023 08:53 GMT
MNI BRIEF: No Price, Financial Stability Trade-Off - Lagarde
Central bank head says the inflation mandate will be met as 'no trade off' with financial stability measures.
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The ECB needs a "robust" strategy that takes into account today's high levels of uncertainty, president Christine Lagarde said Wednesday, as she reiterated the importance of taking a data-dependent approach to rate-setting and said there was "no trade-off" between price stability and financial stability" in the wake of the collapse of SVB and Credit Suisse.
The ECB will continued to base its decisions on an assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, she told the ECB Watchers conference at Goethe University in Frankfurt.