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Lagarde Will Probably Keep ECB Stimulus Going, Stournaras Says

  • Greek governor sees policy continuing ‘along the same lines’
  • Draghi unveiled rate cut and more bond purchases last week
Christine Lagarde and Mario Draghi at the ECB headquarters in Frankfurt.

Christine Lagarde and Mario Draghi at the ECB headquarters in Frankfurt.

Photographer: Andreas Arnold/Bloomberg

Mario Draghi’s successor as European Central Bank chief will probably favor keeping up ultra-loose policy and stimulus when she takes office in November, according to Governing Council member Yannis Stournaras.

“There are strong monetary, economic, and financial arguments suggesting that the new ECB President, Christine Lagarde, will more or less continue along the same lines,” the Greek central bank governor said in an interview in Athens on Monday.