Christine Lagarde not anxious to shift European monetary policy
The euro has soared more than 10% against the dollar since March, and inflation has turned negative for the first time in four years
10 September 2020 - 18:08
Brussels — European Central Bank (ECB) president Christine Lagarde said the surging euro must be monitored for its effect on prices, but she did not signal any pressing need to adjust monetary policy. The currency jumped to the highest in more than a week.
Speaking after the ECB kept its pandemic bond-buying programme unchanged at €1.35-trillion and the deposit rate at -0.5%, Lagarde said officials would “carefully assess incoming information, including developments in the exchange rate, with regard to its implications for the medium-term inflation outlook”...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.