On Monday 7 February, the President of the European Central Bank, Christine Lagarde, explained and gave reasons to the European Parliament’s Committee on Economic and Monetary Affairs (see EUROPE B12883A17) on the recent monetary policy decisions taken by the Frankfurt-based institute, namely a monetary status quo for as long as the ‘PEPP’ operation is in place while inflation remained surprisingly strong in January.
In answer to Markus Ferber (EPP, Germany) and Michiel Hoogeveen...