The future president of the European Central Bank (ECB) Christine Lagarde believes that central bankers should be predictable. Central bank policies must also be based on “facts and economic data”.
“There is enough uncertainty in the world to add uncertainty about what central banks are going to do.”
Lagarde, who will succeed Mario Draghi as the ECB’s boss at the end of October, wants to ensure that policy makers in Frankfurt continue to focus on what’s important. She mentions in particular “job creation, productivity and stability”.
The 63-year-old Lagarde becomes the first woman at the helm of the ECB. Earlier, she was the first woman at the top of the International Monetary Fund and the first female French minister of Economic Affairs. She says her strength lies in gathering strong teams and utilizing their knowledge.