ECB president, Christine Lagarde, speaks to Bloomberg TV
"I like your owl." *cringe*
- Markets shouldn't pay too much attention to the review
- Doesn't rule out possible policy changes over the next 12 months
- To think that policy is on auto-pilot is ridiculous
- There are diverse views on how price stability can be procured
- Says it is her job as president to facilitate such a discussion
For some context, she said that she hopes the strategy review will be wrapped up some time around November to December this year - with the ECB statement reaffirming that.
As for the review itself, all eyes will be on how they will go about inflation targeting but I reckon markets will only be able to react once there are leaks on the matter.
