Free Trial

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

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."

To read the full story



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.