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Not much new in the extensive Christine.........>

ECB
ECB: Not much new in the extensive Christine Lagarde written testimony to the
European Parliament really, apart from the fact that her outgoing predecessor as
ECB President Mario Draghi could have written much of the testimony himself, so
close is it to existing ECB rhetoric.
- The 'ECB hasn't hit lower bound' (which should already be pretty obvious)
comments in full: "While I do not believe that the ECB has hit the effective
lower bound on policy rates, it is clear that low rates have implications for
the banking sector and financial stability more generally. So it will be
essential to closely monitor whether adverse side effects may emerge in the
future, the longer low interest rates are in place."

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