Thread by @DanielaGabor

cannot decide whether @ecb 2% tinkering is a distraction or a massive Trojan Horse for normalising targeting spreads and other innovative crisis policies

10 minutes into this press conference, and all we're debating is what happens around 2%

https://twitter.com/LorcanRK/status/1413121333895045127?s=20

finally - decarbonise and you shall have inflation @Lagarde ?

@Lagarde oh no, we are now at invoking Trichet's thoughts on inflation target, which is like reminiscing about Sauron's view on blindness

@Lagarde finally! 'countercyclical fiscal policies when they take place at the same time as monetary policy can amplify mon policy effectiveness, but we havent observed that in Euro except since pandemic'

can someone pleeeease ask @lagarde to look into the future of return to fiscal rules when inflation is not back to target?

@Lagarde another target question

on housing, maybe ask Lagarde what ECB intends to do to capture upward pressures on housing costs from growing demand for housing as an asset class from institutional investors