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19 Febbraio 2020

What to expect from Christine Lagarde’s monetary policy strategy review

On January 23th, 2020, Christine Lagarde, Mario Draghi’s successor as President of the European Central Bank, announced that the ECB Governing Council is going to launch a review of its monetary policy strategy. A similar measure has been taken in the past; in 2003 the annual inflation target was raised from a range between zero and 2 percent to the current “below, but close to, 2 percent”.

The reasons why this review has been announced are that, since 2003, the euro area, and the