Alexander Kriwoluzky, head of macroeconomics at the German Institute for Economic Research, reflects on the legacy of outgoing ECB chief Mario Draghi, saying he will leave the central bank with a "stellar record."
Outgoing ECB President Mario Draghi has achieved his goal of further cuts to interest rates and the renewal of bond buying for the euro area. But some policymakers are skeptical that the move was necessary.
Christine Lagarde has stepped down as managing director of the International Monetary Fund, saying she now has more clarity on her nomination to be the next head of the European Central Bank.
European Central Bank chief Mario Draghi has warned that weaker growth in the global economy will continue to be felt in Europe. The ECB, which kept key interest rates on hold, is unlikely to raise them until the summer.
The ECB has kept its benchmark refinancing rate at zero, as it weighs up risks to the economy from Brexit and trade disputes. ECB chief Mario Draghi said the eurozone's current economic indicators were "weak."
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