Lagarde: ECB Ready to Adjust All Tools as Appropriate

The video discusses the impact of rising energy and food costs on inflation, which is expected to remain high but decline later in the year. The Governing Council reaffirms its monetary policy decisions, including reducing asset purchases and ending the pandemic Emergency purchase program by March. Emphasis is placed on maintaining flexibility in monetary policy to stabilize inflation at a 2% target over the medium term.

What is the target inflation rate mentioned in the text?

How does the Governing Council plan to adjust its monetary policy in response to current uncertainties?