ECB's Lagarde repeats pledge for gradual policy shift
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FILE PHOTO: President of European Central Bank, Christine Lagarde, speaks during a news conference following a meeting of the governing council in Frankfurt, Germany, February 3, 2022. Michael Probst/Pool via REUTERS
FRANKFURT (Reuters) - Any change in European Central Bank (ECB) policy will be gradual, ECB President Christine Lagarde said on Monday, with markets expecting to increases to interest rates this year.
In remarks nearly identical to her comments a week ago, Lagarde said that inflation risks are skewed to the upside but the ECB aims to maintain flexibility and policy decisions in March will depend on incoming data.
"Any adjustment to our policy will be gradual," Lagarde told the European Parliament's plenary session in Strasbourg. "We need more than ever to maintain flexibility and optionality in the conduct of monetary policy".
(Reporting by Balazs Koranyi; Editing by David Goodman)
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