Tariffs, tensions and tackling inflation: the road ahead

What impact do global events have on our economy? And how has the ECB’s monetary policy shifted?
As 2024 comes to an end, our host Paul Gordon discusses these questions and more with Chief Economist Philip R. Lane.
The views expressed are those of the speakers and not necessarily those of the European Central Bank.
Published on 20 December 2024 and recorded on 13 December 2024.
In this episode:
01:43: Geopolitics and monetary policy
How has geopolitics influenced the ECB’s work in 2024?
05:59: Reaching our 2% medium-term inflation target
From holding rates to cutting rates: have we tamed inflation yet?
09:40: Unemployment at record lows
What is the overall state of the economy? And what do the ECB’s latest projections tell us?
13:35 Europe’s competitiveness problem and the Draghi and Letta reports
What does Europe need to do to become more competitive? What do these reports recommend?
15:40: Philip Lane’s hot tip
ECB’s Chief Economist shares his hot tip with our listeners.
Further reading:
Monetary Policy Decisions - 12 December 2024
www.ecb.europa...
Much More Than a Market: Speed, Security, Solidarity - Empowering the Single Market to deliver a sustainable future and prosperity for all EU Citizens by Enrico Letta
www.consilium....
The future of European competitiveness: Report by Mario Draghi
commission.eur...
The Central Bank as Crisis Manager by Patrick Honohan
www.piie.com/b...
Monetary policy under uncertainty
www.ecb.europa...
Navigating a fragmenting global trading system: insights for central banks
www.ecb.europa...
European Central Bank
www.ecb.europa.eu