ECB Lagarde should focus on what she's paid for to do.
Get INFLATION to 2% asap and leave all other matters to elected politicians and to Greta Thurnberg.
If she can't get INFLATION to 2% , she should say so,
resign and look for another job.
PAR08:04:41 GMT - 03/04/2020
An unelected body is forbidden to conduct fiscal policy and should never be able to raise taxes on citizens.
This is way out of balance with the ECB mandate and should be challenged in court or on the streets.
PAR08:37:57 GMT - 03/04/2020
Although markets fully price in a 10-basis-point rate cut at the ECBís March 12 meeting, Lagardeís hint that the bank would take ďtargetedĒ measures suggests it could also opt for other tools that more directly impact the ailing economy.
Such tools could include ultra cheap loans tailored for firms or more liquidity operations to bolster the economy.
They could also include further corporate debt purchases or an increase in the exemption from the ECBís punitive charge on commercial banksí excess reserves.
While a rate cut is also possible, the ECBís key rate is already at record low minus 0.5% and a reduction would not do much more than signal determination to provide stimulus.
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Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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