Lagarde warns of ‘negative’ November for eurozone
The European Central Bank left its policy tools unchanged today (October 29), but president Christine Lagarde warned of a “very negative” November for the eurozone.
As a result, the deposit rate stays at -0.5%. It kept the envelope of the Pandemic Emergency Purchase Programme at €1.35 trillion ($1.57 trillion).
But Lagarde stressed risks in the eurozone are “clearly tilted to the downside” in the introductory statement. The bloc’s four largest economies, France, Germany, Italy and Spain, all
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