Lagarde Says Fragmenting World Economy Is Risk for Central Banks
- Must think now about effect of geopolitical change, she says
- ECB chief speaks at Council on Foreign Relations in New York
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Christine Lagarde warned that changes in the world economy induced by geopolitics pose a challenge to the European Central Bank and its peers.
“We are witnessing a fragmentation of the global economy into competing blocs, with each bloc trying to pull as much of the rest of the world closer to its respective strategic interests and shared values,” the ECB president said Monday.