Relief as hawk Weidmann kept off ECB throne

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By GlobalCapital
04 Jul 2019

The European Central Bank’s quantitative easing programme looks set to remain in place, should Christine Lagarde become its new president, according to economists.

The current head of the International Monetary Fund’s nomination to replace Mario Draghi as head of the eurozone’s reserve bank triggered a collective sigh of relief in a bond market that had feared the appointment of the hawkish German central banker Jens Weidmann.

“The key thing about the ...

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