Lagarde reveals her broad ECB review and her ‘owlish’ stance
The new ECB chief will ‘have her own style’ as she holds the bank’s deposit rate at a record-low with the option of another rate cut firmly on the table
12 December 2019 - 17:24
Frankfurt — Christine Lagarde used her first full news conference as head of the European Central Bank (ECB) on Thursday to promise a broad and open-ended strategic review of the bank’s workings and served notice of a new style in communicating its thinking.
After ECB policymakers left its easy money stance unchanged as expected, Lagarde tackled, head-on, the keen anticipation in markets and media about how she would follow on from predecessor Mario Draghi, a technocrat who was hailed as one of the world’s best communicators of monetary policy...
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