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2026-11-07 · 1 statements · 1 actors

Christine Lagarde interview with Yomiuri Shimbun, Nov 2026

ECB President Christine Lagarde gives an interview to Yomiuri Shimbun covering inflation, monetary policy, interest rates, digital euro, AI cyber risk, her departure from the ECB and student protests in France.

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The statements

European Central Bank

  • Christine Lagarde: Interview with Yomiuri Shimbun 2026-11-07 · central bank · one of several topics in this statement

    Lagarde says headline inflation in October was 4%, mostly driven by energy, with core inflation at 2.5% and services inflation at 3.3%. She expects inflation to remain high in the coming quarters and says no second-round effects are visible yet.

  • Christine Lagarde: Interview with Yomiuri Shimbun 2026-11-07 · central bank · one of several topics in this statement

    Lagarde says the ECB will decide policy meeting by meeting based on data and does not say for certain there will be a move in December. She says significant changes would be needed for the direction of travel to differ from her expectation.

  • Christine Lagarde: Interview with Yomiuri Shimbun 2026-11-07 · central bank · one of several topics in this statement

    Lagarde attributes rising long-term rates to global factors and says highly indebted euro area member states are more sensitive to them. She urges member states to comply with fiscal rules. She says no tool, including the Transmission Protection Instrument, is ruled out in advance.

  • Christine Lagarde: Interview with Yomiuri Shimbun 2026-11-07 · central bank · one of several topics in this statement

    Lagarde says central banks, including the ECB and Bank of Japan, judged the supply shock transitory and that this was in hindsight misguided, as a demand shock also occurred during reopening.

  • Christine Lagarde: Interview with Yomiuri Shimbun 2026-11-07 · central bank · one of several topics in this statement

    Lagarde says AI makes cyberattacks more dangerous and calls for cooperation among central banks through the FSB and BIS, including the Bank of Japan.

  • Christine Lagarde: Interview with Yomiuri Shimbun 2026-11-07 · central bank · one of several topics in this statement

    Lagarde says the digital euro is designed mainly for people in Europe, but she is open to interoperability with other CBDCs and to sharing experience with the Bank of Japan.

  • Christine Lagarde: Interview with Yomiuri Shimbun 2026-11-07 · central bank · one of several topics in this statement

    Lagarde says she is stepping down nine months earlier than otherwise planned and says she feels a need to speak up in defence of rule of law, international cooperation, trade and respect for cultures, criticising some debate in her home country.

  • Christine Lagarde: Interview with Yomiuri Shimbun 2026-11-07 · central bank · one of several topics in this statement

    Lagarde distinguishes between legitimate student and affordability-driven protests and violent riots and looting, which she says should be stopped.