The fallout from the 2008 global financial crisis refuses to go away and now leading economists may be looking to upend traditional neoliberal economic policy.
After a career breaking glass ceilings to join a tiny global elite, Christine Lagarde will bring experience of cool-headed crisis fighting to her job as first female head of the European Central Bank.
It remains to be seen if the measures are enough to spur spending.
Designed nearly three years ago to fight off the threat of deflation, the Eurozone bond purchase scheme has cut funding costs, revived borrowing and lifted growth but failed to raise inflation back to the ECB’s target of almost 2 percent.
Amid heated discussions over low interest rates with Germany, European Central Bank (ECB) keeps interest rates at current levels and head of central bank signals record low rates to remain for long time
After revealing additional monetary easing in its March meeting, European Central Bank (ECB) draws outer limit to excessive measures, while small ones remain open
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