No great surprises in Christine Lagarde's.......>

ECB: No great surprises in Christine Lagarde's first keynote speech as ECB

President. Lagarde notes the slowing and changing global economies and accepts

there must be policies to boost internal growth. She looks for a 'new European

policy mix' between monetary and fiscal. She says the ECB's accommodative policy

stance "has been a key driver of domestic demand during the recovery, and that

stance remains in place" and will and respond to future risks in line with our

price stability mandate. But Lagarde adds that policy "could achieve its goal

faster and with fewer side effects if other policies were supporting growth

alongside it," pointing to one key element: euro area fiscal policy.