At a press conference this Thursday (17), President European Central Bank (European Central Bank)Christine Lagarde highlighted the need for the European Union (the European Union) to prepare for “unpredictable” in the midst of global trade tensions.
“There are ongoing trade negotiations, but everything can change,” he added, noting that the effects of the European Union and the response can only be measured when there is “more certainty.”
About the euro, Lagarde stated that the European Central Bank “does not go a specific exchange rate”, but he admitted that the currency estimation could exercise “greater pressure on local inflation.”
The monetary authority confirmed that the Foundation’s focus on “price stability”, unlike other central banks, which may have different goals.
Lagarde pressed the progress in the digital euro legislation, saying that the European Union needs to “complete the Urban and Legislative Union” for the virtual currency.
“We hope that the European authorities will speed up the approval of legislation on the digital euro,” he said, noting that this is the time for Europe to be “strong and united” not only in monetary policy, but also in initiatives such as the Capital Markets Union.
In addition, the President of the European Central Bank defended the creation of clear rules for Stablecoins.
“We need to organize so that Stablecoins can work safely in the European Union,” he said.
Regarding the economy of the eurozone, Lagarde pointed out that increased productivity indicates “the slower progress of salary.” However, excluded discussions about short -term stimuli.
“We have not discussed the motivations of the economy,” he said, adding that the injection of the Euro -trillion euro package will have a “great impact on growth and inflation”, but the current uncertainty prevents such a decision.
The independence of the European Central Bank has also been strengthened: “For the European Central Bank and the eurozone, the independence of the central bank is necessary.”
Lagarde said that the Foundation will “analyze an extensive scenario in the coming weeks”, as it is not only evaluated trade in goods, but the trade balance as a whole.
