Lagarde: ECB Won't Raise Rates Until Bond Purchases Stop

The video tutorial discusses the forward guidance approved by the Governing Council, focusing on three criteria necessary for rate hikes: inflation at target, durability, and strong underlying inflation. It emphasizes the sequence of actions, stating that rate hikes will not occur until net asset purchases are completed. The assessment of net asset purchases will be determined in March based on available data.

What are the three pillars that need to be satisfied for rates to be hiked?

What is the target inflation rate mentioned in the text?

What does the term 'durability' refer to in the context of inflation?

What is the sequence mentioned regarding rate hikes and net asset purchases?

When will the assessment of net asset purchases be determined?