ECB holds rates as it waits for ‘additional information’
Lagarde says her need to speak out on wider issues was key reason for her announced departure
The European Central Bank’s governing council has voted to keep its monetary policy unchanged.
Speaking to the press today (October 29), the ECB’s outgoing president, Christine Lagarde, characterised the move as a “no hike decision”, and noted that a number of governing council members had “pondered” whether it would have been correct to tighten rates.
“There were views along the lines of ‘maybe now, why not?’”, she said. “There was a unanimous decision at the end of the discussion that we were in
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