Lagarde guarantees rates at "sufficiently restrictive" levels for as long as necessary

MADRID, 4 Oct. (EUROPA PRESS) -

The president of the European Central Bank (ECB), Christine Lagarde, has assured that the institution's future decisions regarding its monetary policy will ensure that interest rates are set at sufficiently restrictive levels for as long as necessary.

In her opening speech to the series of conferences on monetary policy held this week by the ECB, the Frenchwoman defended the solidity of the entity's policy framework to address the complexity and uncertainty of the outlook.

Specifically, Lagarde recalled that the institution has conditioned its future decisions on the evolution of inflation prospects, the dynamics of underlying inflation and the strength of the transmission of monetary policy.

"Our future decisions will continue to be based on these three criteria and will ensure that interest rates are set at sufficiently restrictive levels for as long as necessary," he stressed.

In this sense, for the president of the ECB, this framework has helped to chart a path of adjustment of interest rates that, based on the current evaluation, have reached levels that, maintained for a sufficiently long period, will contribute substantially to the return timing of inflation to the medium-term objective.