News in Charts: Euro area stability — a tale of two leaders?

Policymakers at the European Central Bank, led by its president Christine Lagarde, have agreed hike their three key interest rates by 50 basis points. This is the first policy rate tightening since 2011. The last time they did this it was followed by the start of the euro crisis. Ultimately, that crisis could only be solved by the then-president Mario Draghi’s commitment to do “whatever it takes” (WIT) to save the euro area. The limits of that commitment were never tested to the full, but his presidency did see a pivot towards ultra-loose monetary policy. Ms Lagarde’s commitment to WIT
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Charts & TablesNews in Charts
Jul 22, 2022
posted by Fathom Consulting