The European Central Bank’s minutes from the December 2019 decision
Back in December, Christine Lagarde, the new President of the ECB, announced that the bank will conduct a strategic review during 2020. She refrained from expressing her views on monetary policy, saying she is neither a hawk nor a dove, but rather aspires to be a wise “owl.”
Back in September, her predecessor Mario Draghi cut interest rates to -0.50% and restarted the bank’s bond-buying scheme. Several Governing Council members from northern countries publicly criticized his moves. Lagarde, who assumed her role in November, aims to unify the institution.
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