Christine Lagarde's first ECB press conference – business live

Rolling coverage of the latest economic and financial news, as Christine Lagarde chairs her first monetary policy meeting since becoming European Central Bank chiefLagarde press conference underway nowBreaking: No change at the ECBEarlier:Lagarde chairs first ECB governing council todayExpected to outline new vision for eurozone central bankAnalyst: Lagarde may challenge governments to spend morePound volatility spikes 1.52pm GMT Lagarde then talks about her new strategic review of the European Central Bank.There’s no big news yet — the framework is still being drawn up, as Lagarde is keen to get all the stakeholders involved. 1.50pm GMT Christine Lagarde ends her statement, and then takes the assembled journalists to task.She urges the press pack not to over-interpret her words, not to second-guess what she means, and not to cross-reference her to previous ECB presidents.Nice from Christine Lagarde. She makes the correct point that each @ecb president does it their own way.It’s our job to get used to her, not her job to pretend to be Draghi, Trichet or Duisenberg“Don’t second-guess; don’t cross-reference. I’m going to be myself, and therefore probably different.” ECB President Christine Lagarde at her first rate decision briefing. Continue reading…
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