ECB's Lagarde Gives An interview With Local Dutch TV – Watch Live
- Aware of criticism around low interest rates.
Christine Lagarde has begun her tenure at the European Central Bank by leaving interest rates at their current record low.
The ECB left Deposit Rates on hold at -0.5% in Christine Lagarde’s first meeting as President of the ECB. The central bank reiterated forward guidance and expects rates at present levels until “inflation outlook robustly converges to a level sufficiently close to, but below, 2%”.
"Lagarde, who presided over her first ECB meeting, was cautiously optimistic, saying the EU is heading for slow and steady economic recovery. She sees risks as skewed to the downside but less pronounced than before," analysts at ANZ bank explained.
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