European Central Financial institution President Christine Lagarde sat down with CNBC’s Karen Tso for a wide-ranging, unique interview on the sidelines of the World Financial Discussion board’s annual assembly in Davos, Switzerland.
The assembly kicked off the day after the inauguration of U.S. President Donald Trump, and the topic of potential commerce tariffs have been one of many dominant matters of debate.
“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 instructed CNBC.
In response to rising digital transactions, the ECB is creating a digital euro. Nonetheless, 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 guarantee that the legislative setting is in place in order that we are able to truly both give the inexperienced gentle or say, no, too sophisticated, too dangerous, too expensive, 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 power 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 executed. We’d like inflation at 2%. I must ship value stability, in order that the remainder of the gamers can truly play their sport at their finest,” she stated.
Watch the video above for the complete interview.