In January, European Central Bank (ECB) President Christine Lagarde held her second interest rate setting meeting. The results of the meeting were a foregone conclusion. As was widely expected, the ECB left its refinancing and deposit rates unchanged at 0.0 per cent and -0.5 per cent respectively. The ECB also continued its coupon and reinvestment programme from its existing stock of assets and continued with its recent QE programme, which purchases €20 billion of eurozone government bonds every month. The tone and content of Lagarde’s subsequent press conference was exactly the same as the previous meeting. Eurozone growth is low,…

Want to continue reading?

Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €50.

Subscribe

Cancel at any time.

Are you already a member? .