Christine Lagarde on PEPP
From ECB President Christine Lagarde on PEPP, EU Aid, Digital Euro: Full Interview · · Bloomberg Television
“when we looked at the whole situation this is what i have identified as a holistic assessment i know that people find this word very funny but it's deliberately intended to cover the entire financing conditions available on the markets and when we looked at those conditions a few weeks back we observed that there was unnecessary unwarranted and premature tightening of those conditions which led us to determine that we had to significantly increase our pace of purchase.”
On , Christine Lagarde, President at European Central Bank, spoke about PEPP during ECB President Christine Lagarde on PEPP, EU Aid, Digital Euro: Full Interview on Bloomberg Television.
About Christine Lagarde
Christine Lagarde, President of the European Central Bank, has recently focused on the economic impact of the war in Iran and the resulting energy price shock. In April and May 2026, she stated that the euro area economy had moved away from the ECB’s baseline forecast and was now between its baseline and adverse scenarios, with upside risks to inflation and downside risks to growth having intensified. Following the Governing Council meeting on 30 April 2026, Lagarde announced that the ECB had decided to keep interest rates unchanged, and she emphasized that the bank would follow a data-dependent, meeting-by-meeting approach. She described the current situation as one of “extreme volatility” and “lack of certainty,” and did not rule out the possibility of inflation exceeding 3% by the end of the year or further interest rate hikes. Lagarde also said that fiscal responses to the energy price shock should be “temporary, targeted, and tailored.” In other appearances, Lagarde discussed the economic case for women’s full participation in the workforce, stating that closing gender gaps could boost GDP and that financial literacy for women is important for their independence. Speaking at a conference in Berlin, she argued that “Europe-bashing is vastly excessive” and that Europe has strengths including its 450 million consumers, educational system, and democratic principles. She also said that the ECB’s independence must be earned through accountability, credibility, and transparency. Regarding her own mandate, Lagarde stated that “when there is big clouds on the horizon, the captain does not leave the ship,” indicating her intention to remain in her role.