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ECB’s Newest Policy Maker Says Latest Stimulus May Be a Mistake

  • Austrian central bank governor speaks in Bloomberg interview
  • Says Lagarde’s policies are not locked in by Thursday package
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Holzmann says policy makers disagreed on the effectiveness of the ECB’s new stimulus measures.Source: Bloomberg
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Austria’s new central-bank governor said that the European Central Bank’s latest easing package was possibly a mistake and can be changed after incoming President Christine Lagarde takes over from Mario Draghi.

“As things change -- also this forward guidance and the policy may change -- not tomorrow, not the day after tomorrow, but I wouldn’t think it’s there for the next decades,” Robert Holzmann said in an interview with Bloomberg Television on Friday in Helsinki. Lagarde is not “a weak person who’ll say I’m locked in one or the other way.”