It is ridiculous to believe the European Central Bank's policy is on auto-p...
FILE PHOTO: European Central Bank President Christine Lagarde looks on as she testifies before the European Parliament's Economic and Monetary Affairs Committee in Brussels, Belgium December 2, 2019. REUTERS/Francois Lenoir
FRANKFURT - It is ridiculous to believe the European Central Bank’s policy is on auto-pilot and that it won’t change until a year-long review of the ECB’s strategy is completed, ECB President Christine Lagarde said on Friday. “To think it’s autopilot, that’s ridiculous,” Lagarde said on Bloomberg TV. “There’s a forward guidance which is strong, which is setting a very clear timetable but it’s fact dependent. Let’s look at the facts, let’s look at how the economy evolves.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Earnings, ECB decision, job market check: 3 things to watch for in the markets on ThursdayWe'll get earnings from Intel and Procter & Gamble, a rate decision from the ECB and weekly jobless claims on Thursday.
Read more »
ECB to launch review that will redefine its mission and toolsEuropean Central Bank President Christine Lagarde is set to launch a broad revie...
Read more »
ECB holds rates as strategic review gets underwayThe European Central Bank (ECB) on Thursday held interest rates steady as it launched its first strategic review since 2003.
Read more »
Global stocks steady as caution on China virus continues; euro hits seven-week low after ECBStocks made a barely positive start in early Asian trade on Friday after the wor...
Read more »
Euro near seven-week low after ECB; virus fears support yenThe euro hovered near a seven-week low against the dollar on Friday after the Eu...
Read more »
Euro near seven-week low after ECB; China virus worries lingerThe euro hovered near a seven-week low against the dollar on Friday after the Eu...
Read more »