European Central Bank President Christine Lagarde seized the mobile phones of her fellow policymakers at this week's meeting and rebuked them for leaking crucial information ahead of a policy decision, two sources told Reuters.
Most economists and traders had expected the ECB to keep rates on hold, but many changed their view after the Reuters report was published late on Tuesday.
She has steadily tried to create a more harmonious atmosphere and several sources agree she has largely succeeded. But as borrowing costs were pushed higher, more policymakers expressed reservations about further hikes, the sources said.
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.
European Central Bank (ECB) Press ConferenceGet the ECB Press Conference results in real time as they're announced and see the immediate global market impact.
Read more »
ECB Analysis: Euro set to fall as Lagarde fails to convince markets of more rate hikesThat's all, folks – that is the message markets have understood, overshadowing the fact that interest rates have risen once again. The European Centra
Read more »
Lagarde speech: Can’t say ECB rates have reached their peakChristine Lagarde, President of the European Central Bank (ECB), is delivering her remarks on the policy outlook and responding to questions from the
Read more »
Lagarde’s ECB Hasn't Read the Stagflation MemoEven after a 10th straight rate increase, growth estimates were lowered as inflation forecasts increased.
Read more »
EUR/JPY Price Analysis: Surges to 157.40 ahead of ECB's President Lagarde speechThe EUR/JPY pair gains momentum near 157.40 during the early European session on Friday. Market players await the second-tier economic data release fr
Read more »