ECB maintains rates and QE as Lagarde launches review

Review of monetary policy strategy

James Baxter-Derrington
clock • 2 min read

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...

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