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Lagarde's ECB Keeps Policy Unchanged as Strategy Review Looms

Thursday, 12 December 2019 20:05 WIB Bank Sentral Eropa ECB Christine Legarde

The European Central Bank kept monetary stimulus unchanged at President Christine Lagarde’s first policy meeting, shifting the focus to when she’ll announce her review of the institution’s strategy for safeguarding theeuro-zone economy. The ECB kept its deposit rate at a record-low minus 0.5%, and bond purchases at 20 billion euros ($22 billion) a month, sticking to a controversial package unveiled in September. Lagarde, who has said little on monetary policy since starting in November, will hold a press conference at 2:30 p.m. in Frankfurt. The president could use her briefing to signal a start date for the first comprehensive evaluation of the ECB’s mission in 16...

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