MNI BRIEF: ECB Ready To Navigate Stormy Waters -Lagarde

The European Central Bank is ready to navigate stormy waters stirred up by fragmentation of global trade and geopolitical tensions, its President Christine Lagarde said on Tuesday during a policy panel in the ECB forum in Sintra.

“It is not mission accomplished, but target reached,” Lagarde said, adding that the ECB is in a good position to face the risks from the global economy.

Asked about the possibility of further monetary easing, Lagarde said that the ECB will continue to follow a meeting-by-meeting, data-dependent approach. (See MNI ECB WATCH: ECB Cuts 25BP, Nears End Of Cycle)