Draghi was asked about the suggestion from IMF leader Lagarde yesterday that he should take more action to counter deflation. The WSJ details his response, which certainly had some sarcasm:
“I think the IMF has been of recent extremely generous in its suggestions on what we should do or not do,” he said. “And, we’re really thankful for that. But the viewpoints of the Governing Council are in a sense different. Frankly, I would like the IMF to be as generous as they have been towards us also with other monetary policy jurisdictions, like for example issuing statements just the day before an FOMC meeting would take place. Anyway, I think we would certainly value the advice of the IMF and certainly it’s an important contribution to our analysis.”
Draghi and Lagarde in a more cordial moment
