Central Banks

Lagarde Says ECB Is Well Placed to Tackle Future Shocks

Christine Lagarde, president of the European Central Bank (ECB), during the International Monetary Fund (IMF) and World Bank Fall meetings in Washington on Oct. 16.

Photographer: Kent Nishimura/Bloomberg

European Central Bank borrowing costs are at appropriate levels to deal with whatever turbulence the world economy may endure next, President Christine Lagarde said.

Risks to inflation and economic growth have become more balanced, Lagarde told a panel discussion chaired by Bloomberg’s Lisa Abramowicz on Thursday, signaling she’s comfortable with inflation and interest rates both at 2%.