Christine Lagarde ECB europe Markets

ECB Expands QE By €120 Billion, Announces New Liquidity Measures, Relaxes Capital Ratios, Leaves Rates Unchanged

Lagarde is credible. It's just not clear whether she's credible as a central banker. We're about to find out.

Lagarde is credible. It's just not clear whether she's credible as a central banker. We're about to find out.
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3 comments on “ECB Expands QE By €120 Billion, Announces New Liquidity Measures, Relaxes Capital Ratios, Leaves Rates Unchanged

  1. Cue the Biden Plunge Protectors…

  2. I know there were some complaints about a few things she said. For me, watching her press conference was calming. It felt like there was an adult in the room.

    • Lagarde is an adult and sounds like one as well. Regardless, she made a major mistake in her attempt to calm markets with her announcement. Her dismissal of the problem of rapidly expanding credit spreads showed her to be tone deaf to a major concern.

      One would hope for a rapid reassessment on that point by the ECB.

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