Wed. Sep 23rd, 2020

ECB leaves interest rates at record lows as Lagarde takes the reins – business live

Rolling coverage of the latest economic and financial news, as Christine Lagarde chairs her first monetary policy meeting since becoming European Central Bank chief

Earlier:

1.09pm GMT

Aaron Anderson, senior vice president of research at Fisher Investments reckons Lagarde won’t immediately shake up the ECB.

“Significant changes to the monetary policies Mario Draghi put in place earlier this year are unlikely in the near-term.

Christine Lagarde is very accomplished and well respected, but doesn’t yet have the central banking clout to change policy unless the economic environment changes materially. She is also very skilled politically and knows she needs to establish herself and get the Governing Council fully behind her before contemplating changes.”

1.06pm GMT

There’s nothing in today’s policy statement to move the euro…..

#Euro almost unch as #ECB decision doesn’t surprise. Now waiting for Lagarde presser. pic.twitter.com/TACqPqjR3J

Surprise, surprise, no changes from the ECB. #Lagarde

Continue reading…Rolling coverage of the latest economic and financial news, as Christine Lagarde chairs her first monetary policy meeting since becoming European Central Bank chiefBreaking: No change at the ECBLagarde to speak at 1.30pm GMTEarlier:Lagarde chairs first ECB governing council todayExpected to outline new vision for eurozone central bankAnalyst: Lagarde may challenge governments to spend morePound volatility spikes 1.09pm GMTAaron Anderson, senior vice president of research at Fisher Investments reckons Lagarde won’t immediately shake up the ECB. “Significant changes to the monetary policies Mario Draghi put in place earlier this year are unlikely in the near-term. Christine Lagarde is very accomplished and well respected, but doesn’t yet have the central banking clout to change policy unless the economic environment changes materially. She is also very skilled politically and knows she needs to establish herself and get the Governing Council fully behind her before contemplating changes.” 1.06pm GMTThere’s nothing in today’s policy statement to move the euro…..#Euro almost unch as #ECB decision doesn’t surprise. Now waiting for Lagarde presser. pic.twitter.com/TACqPqjR3JSurprise, surprise, no changes from the ECB. #Lagarde Continue reading…

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