Christine Lagarde made no surprise announcements in her first monetary policy announcement as president of the European Central Bank, keeping interest rates at their record low levels.
But she did signal that the ECB’s forthcoming strategic review of its policy framework would be a wide-ranging exercise, in her press conference today (December 12). She said the ECB would convene a task force on creating a central bank-issued digital currency, or “digital euro”, which should report in mid-2020.
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