ECB’s Lagarde sees policy change soon

Fresh input: People walking in front of a euro sign near the European Central Bank headquarters in Frankfurt. It is set for new guidance on monetary stimulus in 10 days. ― AFP

LONDON: European Central Bank (ECB) president Christine Lagarde told investors to prepare for new guidance on monetary stimulus in 10 days, and signalled that fresh measures might be brought in next year to support the euro-area economy after the current emergency bond programme ends.

Speaking to Bloomberg Television days after the ECB raised its inflation goal to 2% and acknowledged it may overshoot the target, Lagarde said the July 22 Governing Council session – previously expected to be relatively uneventful – will now have “some interesting variations and changes”.