Wed. Nov 25th, 2020

Christine Lagarde vows not to be hawk but ‘wise owl’ at European Central Bank – business live

Christine Lagarde chairs her first monetary policy meeting since becoming European Central Bank chief

Earlier:

2.52pm GMT

Christine Lagarde is going to make her mark, slowly but firmly, at the European Central Bank.

The key message from the new president’s first governing council is that she will fully review the ECB’s work, giving more weight to the climate emergency and economic inequality.

2.36pm GMT

Final question: has the ECB considered changing the limits of its Asset Purchase Programme (the bond-buying stimulus programme)?

No, says Christine Lagarde, we didn’t talk about changing this today [there have been concerns that the ECB could eventually run out of certain assets to buy]

Happy holidays, Merry Christmas, and whatever you celebrate I hope you are happy, and make those around you happy.

Continue reading…Christine Lagarde chairs her first monetary policy meeting since becoming European Central Bank chiefLagarde: Not hawk or doveLagarde: Brexit and Trade War fears are easingLagarde press conference underway nowBreaking: No change at the ECBEarlier:Lagarde chairs first ECB governing council todayPound volatility spikes 2.52pm GMTChristine Lagarde is going to make her mark, slowly but firmly, at the European Central Bank.The key message from the new president’s first governing council is that she will fully review the ECB’s work, giving more weight to the climate emergency and economic inequality. 2.36pm GMTFinal question: has the ECB considered changing the limits of its Asset Purchase Programme (the bond-buying stimulus programme)?No, says Christine Lagarde, we didn’t talk about changing this today [there have been concerns that the ECB could eventually run out of certain assets to buy]Happy holidays, Merry Christmas, and whatever you celebrate I hope you are happy, and make those around you happy. Continue reading…

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