Lagarde Says ECB’s Options Limited by Low Rates, Low Inflation

The video discusses the evolution of the economic landscape since 2003, highlighting the need for the ECB to review its monetary policy strategy due to structural changes. It addresses challenges like low interest rates and the impact of globalization and digitalization on price development. The importance of effective communication by central banks is emphasized, along with an overview of the current economic situation in the euro area, including growth, unemployment, and inflation trends.

What are the current trends in the euro area economy as mentioned in the text?

How has the unemployment rate changed since July 2008 according to the text?

What are the risks mentioned that could impact the euro area economy?