Monday, January 13, 2020
ECB monetary review.
The new ECB president wants to extend the bank’s remit to include addressing climate change, but disagreements are mounting over the traditional mission, monetary policy. Christine Lagarde headed her first monetary policy meeting on December 12 and, as expected, stuck to Mario Draghi’s policy path. However, the divisions between Governing Council members who support the ultra-loose stance and those who oppose quantitative easing (QE) and lower interest rates will deepen.