"Never give up!": Mario Draghi’s lesson after 8 years at Europe's most important financial institution. No surprises during his last meeting. Interest rates stay put at 0%. Christine Lagarde takes over in a few days
The European Central Bank's new president has urged European countries to invest and innovate as concerns of an economic slowdown intensify. She warned that export growth could no longer be relied upon to boost growth.
The European Central Bank has left its benchmark refinancing rate on hold at a historic low of 0%. The move comes days before chief Mario Draghi is expected to step down.
Described by US economist Paul Krugman as "[arguably] the greatest central banker of modern times," Mario Draghi served as head of the European Central Bank from 2011 to October 31. He leaves a mixed legacy.
The European Central Bank's first female president inherits an almost empty toolbox from her predecessor — at a time when persistently low inflation and weak growth are showing the limits of monetary policy.
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