Surveillance: ECB Not On Autopilot, Lagarde Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 24 January 2020
⏱️ 33 minutes
🧾️ Download transcript
Summary
Christine Lagarde, European Central Bank President, warns markets not to assume that ECB policy is on autopilot. Sheila Patel, Goldman Sachs Asset Management Chairman, says we are in a better place with liquidity compared to a year ago. Jacob Frenkel, JPMorgan Chase International Chairman, says the greatest danger to the economy's growth is fragmentation. Angel Gurria, OECD Secretary General, says we must now defend multilateralism. Stephen Pagliuca, Bain Capital Co-Chairman, says the returns in private equity are still world-class.
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| 0:24.7 | Bloomberg in-car apps are sponsored by interactive brokers. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best |
| 0:45.9 | in economics, finance, investment, and international relations. |
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| 0:57.0 | To those who think that it's autopilot I think that that's ridiculous. |
| 1:01.0 | There is a forward guidance which is strong which is setting you know a very |
| 1:07.7 | clear timetable that is fact-dependent, but let's look at the facts. Let's look at how the economy evolves that's what we do we need to be |
| 1:16.4 | fact-driven we need to be clear now communication and we will be and I'm saying today |
| 1:21.5 | don't assume that it will be on autopilot. |
| 1:25.0 | Yesterday you talked quite extensively about negative rates, you said |
| 1:28.0 | tearing is working well, but is there a point where actually the side effects of negative |
| 1:31.6 | rates means that you need to scale it back. |
| 1:34.7 | We will be looking at the side effects as part of the strategy review. |
| 1:38.7 | There's no question about that. |
| 1:40.8 | We need to be attentive to that. |
| 1:42.4 | Financial stability is not our first driver of concern and consideration, |
... |
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