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Why Lagarde shouldn’t touch monetary policy – for now

“Lagarde, reputed to be a hard worker and a fast learner, will use these months to make up her own mind on monetary policy” writes Senior Writer for That modesty alone also seems to insure that no major change of monetary policy should be expected in the months to come.One month into her mandate, new European Central Bank president Christine Lagarde has already said many times that she wants to “review” the monetary policy she inherited from predecessor Mario Draghi.Many things would deserve to come under review, and monetary policy has been the topic of enough intense debates in recent years to provide ample intellectual fodder for the impending review.What she means by that is unclear, and Lagarde has so far toed the line in her pronouncements about the policy itself.

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