Lagarde Says Don’t Assume ECB on Autopilot During Strategic Review

The video discusses the European Central Bank's strategy review and monetary policy assessment, emphasizing that these are separate exercises. The speaker advises against assuming static policies, highlighting the dynamic nature of economic signals and the need for flexibility. The importance of clear communication and avoiding over-interpretation by markets is stressed. The strategy review involves global learning and stakeholder engagement, including input from the Fed, Parliament, and academics. The misconception of monetary policy being on autopilot is addressed, emphasizing the need for fact-driven decisions.

What does the speaker say about the assumption of monetary policy being on autopilot?

What is emphasized as important in the decision-making process regarding monetary policy?