The challenges facing Christine Lagarde
New ECB chief needs to lead a successful review of the ECB’s monetary and communications policy
Christine Lagarde became the European Central Bank’s fourth president on November 1, during tough time for eurozone monetary policy. Not only has the ECB failed to meet its target of eurozone inflation of under but close to 2%, but a range of economic data shows inflationary pressures further weakening. Lagarde took the reins two months after the ECB’s governing council reached one of the most controversial decisions in its history, when a majority supported the restart of purchases of sovereign
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