ECB Strategic Review Buys Time for Lagarde Says JPM's Ward

The video discusses the first strategic review at the ECB since 2003, led by Christine Lagarde. Karen Ward and James Athey provide insights into Lagarde's diplomatic approach and communication skills. The review aims to address inflation and other economic issues, with expectations of changes in ECB's strategies.

What is the primary goal of the ECB's strategic review mentioned in the first section?

• To increase interest rates

• To complete the review by the end of 2020

• To reduce inflation to 1%

• To introduce new currency

How does Christine Lagarde's approach differ from her predecessor according to the second section?

• She focuses solely on monetary policy

• She does not communicate with the media

• She emphasizes a broader European ambition

• She avoids engaging with politicians

What is one of Christine Lagarde's key strengths as highlighted in the second section?

• Her reluctance to communicate with politicians

• Her ability to work behind closed doors

• Her focus on monetary policy only

• Her lack of experience in senior roles

What is the expected inflation rate in four years as discussed in the third section?

• 2.5%

• 1.6%

• 3.0%

• 0.5%

What is the strategic review's role in addressing the ECB's challenges according to the third section?

• To immediately change the inflation target

• To provide time to consider changes in monetary policy tools

• To eliminate negative interest rates

• To increase the ECB's workforce