Lagarde signals ECB policy will stay loose
The former French finance minister could inherit a deeply divided Governing Council at a time when the euro area economy is suffering from global trade tensions and uncertainties over Brexit
European Central Bank presidential nominee Christine Lagarde pledged to act with “agility” against inflation that is persistently too low, signalling that she will follow Mario Draghi’s example in finding ways to keep monetary policy exceptionally loose.
In a hearing at the European Parliament in Brussels over two and a half hours, Lagarde said the 19-nation euro zone must tackle near-term risks mainly related to external factors. At the same time, she said the ...
