Market news
02.12.2019, 14:08

ECB's President Lagarde: World economy outlook remains sluggish and uncertain

  • Euro area growth remains weak
  • Weakness has been mainly due to global factors
  • ECB is ambitious to do, and to play its part in accordance with its mandate
  • Consumption is held up fairly well
  • Central bank digital currency would allow citizens to use central bank money directly in their daily transactions
  • Depending on its design, a central bank digital currency could pose risks
  • Relative resilience of services so far is the key reason why employment has not been affected by the global manufacturing slowdown
  • Governing councils decisions in September showed that it was alert to that potential side effects of monetary policy
  • Strategy review will be guided by 2 principles, thorough analysis and an open mind
  • It is premature to venture here into debate about the precise scope direction and timeline of our strategy review
  • ECB remains resolute in its commitment to deliver on its mandate
  • Monetary policy strategy will start in the near future
  • Question that is common is how to best define the medium-term objective of monetary policy, so as to ensure that expectations are firmly anchored

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