Sterling-denominated systemic stablecoins

The Consumer Price Index (CPI) increased 3.2% year over year in May, up from a 2.8% gain in April. Higher prices for gasoline continued to drive the acceleration in the headline ...

It is a pleasure to return to this Committee for our regular dialogue. When we last met in February, inflation had remained close to the ECB’s 2% target for over a year, and euro area economic activity was showing solid growth momentum. Only a few days later, war broke out in the Middle East, reminding us how quickly external shocks can reshape the economic outlook. The topic you have chosen for today’s exchange – how monetary policy should be conducted in an environment of heightened geopolitical tensions and frequent supply shocks – is therefore particularly timely. In my remarks, I will first review what the incoming data tell us about the euro area economy and outline our latest monetary policy decisions. I will then explain in more detail how our monetary policy strategy is guiding us in responding to shocks such as the one we face today. ECB's President Lagarde: No evidence yet of de-anchoring or second-round effects that warrant a more forceful policy action *LAGARDE SEES NO NEED FOR MORE FORCEFUL ECB RESPONSE TO IRAN WAR ECB'S LAGARDE: WE ARE CONFIDENT THAT, WITH APPROPRIATE MONETARY POLICY ACTION, INFLATION WILL RETURN TO TARGET ECB's President Lagarde: ECB is 'well positioned' to navigate the situation