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ECB Minutes Show Lagarde Will Inherit a Fractured Institution


Top European Central Bank officials squabbled over key elements of the bank’s latest monetary-stimulus package, according to minutes of its September policy meeting, underscoring the challenge incoming President Christine Lagarde faces in mending a rift that could threaten the eurozone’s faltering economic recovery.

The ECB last month rolled out a sweeping set of stimulus measures that included interest-rate cuts and an open-ended €20 billion-a-month ($21.9 billion) bond-buying program. The move is aimed at stabilizing the…

Source: US Business