ECB's Lagarde Says 75 Bps Hike Is Not the Norm

The transcript discusses the European Central Bank's (ECB) efforts to normalize monetary policy, starting from December with the cessation of asset purchases and moving out of negative interest rates in July. It highlights the ECB's commitment to adjusting interest rates further, emphasizing that recent actions are part of a broader strategy rather than isolated decisions. The ECB's approach includes a front loading exercise to address deviations from targets, and it clarifies that a 75% interest rate increase is not the norm.

What actions were taken by the European Central Bank to normalize monetary policy?

What does the speaker imply about the perception of the European Central Bank's actions?

How did the European Central Bank's decision in July relate to negative interest rates?

What was the significance of the front loading exercise mentioned in the text?

What was the context of the statement regarding raising interest rates?