Lagarde speech: ECB has ‘good progress’ on new strategy

“We made good progress in shaping future monetary policy strategy,” the European Central Bank (ECB) President Christine Lagarde said following the conclusion of a three-day meeting between the 25 members of the central bank’s Governing Council.

"I am glad we were able to have in-depth discussions and we made good progress in shaping the concrete features of our future monetary policy strategy, Lagarde said.

The Council spoke about the ECB’s role in combatting climate change while reviewing its monetary policy stance, including its inflation goal.