Euro falls as ECB keeps rates on hold

Euro falls as ECB keeps rates on hold

The European Central Bank decided to keep interest rates unchanged yesterday, prompting the euro to drop by 0.6% against the dollar. Christine Lagarde, president of the ECB, sought to reassure that: "We're not going to just stand still." "We are going to use all the instruments that we have with the entire flexibility that we have, and I'm clearly here referring here to the PEPP more than others, to address the situation," she said. "We have done that in the past, we have responded v...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.