The European Central Bank (ECB) has held interest rates unchanged and maintained its new Quantitative Easing (QE) policy ahead of a review into monetary policy strategy.
Christine Lagarde's debut meeting as the president of the ECB saw the Governing Council keep its interest rate at a continental all-time-low of -0.5%, while continuing its commitment to the new QE programme, instigated by predecessor Mario Draghi. The bank will continue to make net purchases at a monthly rate of €20bn and has stated the programme will run "as long as necessary to reinforce the accommodative impact of its policy rates". What does Christine Lagarde, as ECB president, need to do to tackle Europe's stagnant growth? It will end the programme "just before" it starts rais...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
