Lagarde Says ECB Will Bring Inflation Back to 2%

The transcript discusses the challenges of relying on traditional economic models during the pandemic due to irregularities. It emphasizes the need for a data-dependent approach, considering a broader range of indicators beyond inflation outlook. The discussion highlights the importance of transparency and reliability in economic data, particularly in Europe compared to China. The goal is to build confidence in data to achieve a stability mandate, aiming to bring inflation back to 2% in the medium term.

In what ways does the speaker differentiate between Europe and China regarding data transparency?

What is the ultimate goal of the monetary policy as stated in the text?