ECB's Lagarde: Make-up strategies on inflation should be examined

Further comments by Lagarde

• Make-up strategies can strengthen capacity of monetary policy to stabilise economy when faced with the lower-bound

She is trying to make some inroads to copying the Fed's 'average' inflation targeting strategy, but she can't outright say it as the ECB are still conducting their own strategy review. But rest assured, what the Fed does, all other central banks will follow.