European Central Bank President Christine Lagarde sat down with CNBC’s Karen Tso for a wide-ranging, unique interview on the sidelines of the World Economic Forum’s annual meeting in Davos, Switzerland.
The assembly kicked off the day after the inauguration of U.S. President Donald Trump, and the subject of potential trade tariffs had been one of many dominant subjects of dialogue.
“What we have to do right here in Europe is to be ready and anticipate what is going to occur with the intention to reply,” Lagarde informed CNBC.
In response to rising digital transactions, the ECB is developing a digital euro. Nevertheless, Lagarde was hesitant to verify its rollout.
“So, my hope is on the European Parliament, the Fee, the European Council, to return collectively and to ensure that the legislative setting is in place in order that we are able to really both give the inexperienced mild or say, no, too sophisticated, too dangerous, too pricey, we dump it,” Lagarde stated.
Since taking workplace as president of the European Central Financial institution in November 2019, Lagarde has handled unprecedented challenges, starting from the Covid-19 pandemic, to rising vitality prices and excessive inflation.
With lower than three years of her time period remaining, Lagarde stated she stays targeted on the job at hand.
“I do not care how I am remembered. What I care about is getting the job carried out. We want inflation at 2%. I must ship worth stability, in order that the remainder of the gamers can really play their recreation at their finest,” she stated.
Watch the video above for the total interview.
