From Seekingalpha · ING Economic and Financial Analysis · · 30s
ECB Holds Rates as Lagarde Resigns
ECB keeps rates steady while Christine Lagarde steps down.
In brief
ECB keeps rates steady while Christine Lagarde steps down. ECB maintains interest rates at 2.50% as Christine Lagarde announces resignation effective February next year. Originally reported by Seekingalpha.
ECB Policy Decision
ECB kept interest rates steady at 2.50% with little knock-on effect from higher energy prices and headline inflation.
Lagarde Resignation
Christine Lagarde announced resignation effective february next year, leaving her role before term end.
Board Changes
Two executive board members, lagarde and isabel schnabel, will leave before their terms end.
The takeaway
ECB maintains interest rates at 2.50% as Christine Lagarde announces resignation effective February next year.
