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Introductory speech by Christine Lagarde at the opening reception of the ECB Forum on Central Banking 2025
As Nietzsche once observed, “it is our future that lays down the law of our today.” When we last reviewed our strategy four years ago, our thinking was shaped – quite naturally – by the recent past: a decade of too-low inflation, compounded by the pandemic. But as Nietzsche warned, there is a danger in letting the past dominate our thinking. Sometimes, it is the future – still dimly understood – that is already shaping our present. And soon after that review, the world changed in ways we had not foreseen. The reopening of our economies after the pandemic brought about major sectoral shifts. Russia’s ... (full story)
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ECB'S LAGARDE: THE WORLD AHEAD IS MORE UNCERTAIN AND THAT IS LIKELY TO MAKE INFLATION MORE VOLATILE
— First Squawk (@FirstSquawk) June 30, 2025
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