With few weeks to go before the end of his term, outgoing European Central Bank (ECB) President Mario Draghi left a lasting mark on monetary policy on Thursday. It is “whatever it takes” for “as long as it takes.”

Eurozone inflation is subdued to 1,2%, that is, well below the 2% target indicating a healthy economy. That is despite a tight labour market across in Western Europe and declining levels of unemployment in the south. Therefore, Draghi made three commitments Christine Lagarde will ha...


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