Lagarde wants courage shown in taking on issues outside ambit of monetary economists
The Covid-19 recession could reshape the ECB and help redefine the role of central banking in an era where the threat of runaway inflation fallen away
26 October 2020 - 10:52
Frankfurt — Since taking the helm a year ago, Christine Lagarde has turned the European Central Bank’s (ECB’s) attention to social issues such as climate change and inequality, broadening its horizons but also opening it to attacks that could test its independence.
Lagarde’s efforts to use the bank’s leverage to fight global warming, gender imbalance or income inequality may have been overshadowed by the coronavirus pandemic and the ensuing, deep recession...
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