ECB leaves policy unchanged

Christine Lagarde unveils new lending facility

The European Central Bank left its policy measures unchanged today (September 10), and announced only minor alterations to its macroconomic forecasts for the eurozone.  

In her press conference, ECB president Christine Lagarde repeatedly avoided commenting on the euro’s appreciation against the dollar. Since January 1, the euro has risen by around 5.4% against the dollar, hampering the ECB’s efforts to boost eurozone inflation. Lagarde stressed the ECB does not target the exchange rate

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