European Central Bank President Christine Lagarde said sound public finances are a key pillar of economic stability, according to a ChainCatcher newsflash. She said governments should make sure fiscal measures introduced to respond to the energy shock remain temporary and targeted. Lagarde also reiterated that the euro area economic outlook faces downside risks, while inflation risks are tilted to the upside. The remarks focused on fiscal discipline, the design of energy-related support measures, and the balance of risks facing the eurozone economy and inflation.
Christine Lagarde, president of the European Central Bank, said sound public finances are a key pillar of economic stability, according to a ChainCatcher newsflash.
Lagarde said countries should ensure that fiscal measures aimed at addressing the energy shock are temporary and targeted. She also reiterated that the euro area economic outlook faces downside risks, while inflation risks are tilted to the upside.
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