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Lagarde Marks ECB Policy Debut With Optimistic Note for Economy

  • President says she sees signs of stabilization in euro zone
  • Strategy review to start in January, finish before year-end
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There are “some signs of initial stabilization in the growth slowdown,” Lagarde said during her opening statement.Source: Bloomberg
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Christine Lagarde said the euro zone’s economic slowdown is showing signs of bottoming out, in comments after her first policy meeting as president of the European Central Bank that suggested further interest-rate cuts are unlikely any time soon.