Lagarde, president of the European Central Bank (ECB), is participating in a panel discussion titled “Outlook for the world economy Is an era coming to an end now? “this Friday at the World Economic Forum (WEF) in Davos. In terms of monetary policy, my motto is “Stay the course.”
“Inflationary pressure will result from China’s openness.”
“Fiscal policy shouldn’t compel the monetary system to expand.”
“The ECB does not set exchange rate goals.”
