The Lagarde Strategy

Summary

There was much curiosity surrounding Christine Lagarde's first press conference following a meeting of the ECB's Governing Council. This was not so much over the tone of monetary policy—which followed the same lines as in Mario Draghi's era—but over how she would act in a fractured field where some did not welcome her.

Key points

• Key points:
• The new President's first task will be to continue rebuilding consensus within the ECB following September's controversy.
• Lagarde does seem to have taken some control and her main message on Thursday was to announce the review of the ECB's monetary policy strategy.

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