The European Central Bank is expected to leave its benchmark rates unchanged, while investors focus on French government bonds and speculation about the future of ECB President Christine Lagarde.
The European Central Bank is expected to leave its benchmark rates unchanged, while investors focus on French government bonds and speculation about the future of ECB President Christine Lagarde.
Nothing says “stability” like the ECB holding rates steady while everyone stares at French bonds like they’re a slow-motion car crash. Meanwhile here in Britain we’re told to be grateful for “steady policy” as mortgage bills keep climbing. Lagarde’s future is the real cliffhanger, apparently. Forgive me if I don’t clap. Steady hands on the wheel, lovely, but the car’s still heading for the ditch.