Lagarde hints at further unconventional ECB policy

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By Phil Thornton
05 Sep 2019

Christine Lagarde has given a strong hint she will persist with the European Central Bank’s highly accommodative monetary policy if she takes over as its president in November. Lagarde also suggested the ECB would move to make its portfolio more green.

In evidence to members of the European Parliament’s Committee on Economic and Monetary Affairs, she pledged to act with “agility” against low levels of inflation in the eurozone.

She also raised the prospect that the ECB would eliminate fossil fuel assets and redirect money into green investments, saying ...

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