In January, European Central Bank (ECB) President Christine Lagarde held her second interest rate setting meeting. The results of the meeting were a foregone conclusion. As was widely expected, the ECB left its refinancing and deposit rates unchanged at 0.0 per cent and -0.5 per cent respectively. The ECB also continued its coupon and reinvestment programme from its existing stock of assets and continued with its recent QE programme, which purchases €20 billion of eurozone government bonds every month. The tone and content of Lagarde’s subsequent press conference was exactly the same as the previous meeting. Eurozone growth is low,…

Special Six Nations offer

Become an annual member today for €200 and receive a free copy of ‘From Rags to Riches; The Irish Men’s Team in the Professional Era’ by Feargal O’Rourke

Subscribe

Cancel at any time.

Are you already a member? .