ECB President Lagarde: Would never say we're done cutting, we have to deal with uncertainty

Monetary Policy Stance - The central bank's job on inflation is never done, implying a continuous monitoring and potential adjustment of monetary policy [1] - The central bank tamed inflation so far and is in a good place, but needs to anticipate any potential future events [1] - The central bank is deciding meeting by meeting and is data dependent, looking at models, empirical data, and applying judgment [3] - The central bank is trying to capture elements not easily captured by models [3] Uncertainty and Risk Factors - Uncertainty is a key factor that entrepreneurs, corporates, and the central bank must deal with [1] - Models cannot perfectly predict political development, geopolitical changes, and shifts in global order [2] - The central bank needs to understand how political development, geopolitical changes, and shifts in global order impact the world and monetary policy [2] Future Actions - The central bank cannot say how high the bar is for cutting interest rates or what would make them do that [2]