Lagarde takes over as ECB president

Amman, Christine Lagarde has taken over from Mario Draghi as the head of the central bank managing the euro, the currency of the 19-member eurozone.

Lagarde, the French managing director of the International Monetary Fund (IMF) since 2011, succeeds the Italian Draghi, who was in the post for eight years and guided the European Central Bank (ECB) through the aftermath of the global financial crisis.

Ahead of taking office, the former French finance minister expressed her approval for the continuation of the monetary policy pursued by the ECB under Draghi, with ultra-low and negative interest rates, along with asset purchases.

Source: Jordan News Agency