Lagarde promises wide-ranging review as ECB holds rates

Christine Lagarde
Christine Lagarde
Photo: IMF/Cliff Owen

The European Central Bank kept its policy rates on hold today (January 23), as president Christine Lagarde unveiled its monetary policy review and promised it would increase its efforts to communicate with citizens.

The ECB’s monetary policy statement spoke of “some signs of a moderate increase in underlying inflation in line with expectations”, adding that downside risks to growth had fallen. In its December statement, the ECB referred to “some indications of a mild increase”. Frederik

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