Free Trial

MNI BRIEF: ECB Lagarde Points To December 'Recalibration'

FRANKFURT (MNI)

Growth across the eurozone is slowing faster and earlier than had been expected, European Central Bank President Christine Lagarde said Thursday. Given the slowdown, the central bank would look at the December staff projections and the incoming data and look to "recalibrate its instruments, as appropriate, to respond to the unfolding situation".

Following the wording of the earlier released statement, Lagarde confirmed the risks to growth "clearly" remain to the downside

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.