Policy Briefs

L. Codogno, M. Monti: Taking stock of Christine Lagarde’s challenges at the ECB

Christine Lagarde’s reign at the European Central Bank (ECB) has heralded a shift not in the monetary policy field, but mainly in terms of communication, at least judging by her first press conference in December. She is not Mario Draghi or Jean-Claude Trichet, her predecessors, and she wants to affirm her own different style as president. “Each and every president has his or her own style of communicating. I know some of you are keen to compare and rate or rank. I will have my own style. As I’ve said before, don’t over-interpret, don’t second-guess, don’t cross-reference. I’m going to be myself and therefore probably different.” What a brilliant start for the president of a Governing Council formed by her and 23 men!

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