Lagarde Q&A: There were different views around the table on all views

• There were different views around the table on the path of rates
• The decision that was made today wasn't accelerating normalization
• We are not accelerating normalization

They've clearly tilted more hawkish. Monthly purchases were scheduled to be 40 billion euros in Q2 and 30 billion in Q3. They're now going to be tapered to 20 billion in June. How is that not 'accelerating normalization'?

• Rate hike could come 'months after' the end of QE or could be 'weeks after'
• 'Some time' could mean weeks or months
• Makes a push for central bank digital currency
• There were some members who thought that despite uncertainties we should move ahead
• There are upside risks to inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term in the short term but also in the medium term