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...“I don’t think anybody’s a saint here,” said Mark Miller, who advocates for healthcare reform at Arnold Ventures, a philanthropic fund set up by billionaire energy trader John Arnold....
...Ms Lagarde said in her letter to Derk Jan Eppink, a Dutch MEP, that “the ECB is fully transparent about its interactions with its stakeholders, and with financial market participants in particular”....
...Ms Schnabel has already started preparing the ground for such a scenario....
...“Any kind of tightening at the moment would be very unwarranted,” Ms Lagarde said at a Reuters online event....
...Ms Lagarde stressed the flexibility of the ECB’s strategy and said it would take a “holistic and multi-faceted” approach, including tracking the cost and availability of financing for households, businesses...
...Ms Lagarde’s comments follow a grimly-worded warning from the UK’s regulator, which reiterated to consumers this week that anyone dabbling in bitcoin schemes “should be prepared to lose all their money”....
...Helge Braun, chief of staff for German chancellor Angela Merkel, this week called Ms Bergler’s video “startling and impressive” and promised to “ensure that the aid is paid out quickly”....
...After the meeting, Ms Lagarde announced the ECB was expanding its pandemic emergency purchase programme to €1.85tn and extending it by at least nine months to March 2022....
...martin.arnold@ft.com; @MAmdorskydavid.hindley@ft.com...
...The eurozone economy will contract 2.2 per cent in the fourth quarter and the downturn will continue into early next year, Ms Lagarde said, adding that inflation remained “disappointingly” low....
...Ms Lagarde has already signalled that she is in favour of such a move, saying recently that central bankers should “ask themselves” if they are taking “excessive risk” by trusting investors to price environmental...
...Ms Lagarde has said central bankers should “ask themselves” if they are taking “excessive risk” by trusting investors to price environmental issues....
...Rising debt is vital to support the pandemic-stricken economy, Ms Lagarde is expected to emphasise....
...Ms Demertzis encouraged the EU to focus on getting more transactions in euros instead of dollars, for example in energy invoicing....
...Inflation is likely to remain negative until early next year because of low energy prices and a temporary German tax cut, Ms Lagarde said....
...But Ms Lagarde said: “Concerns about ‘zombification’ or impeding creative destruction are misplaced, especially if a vaccine is now in sight.”...
...Ms Lagarde and other top ECB officials have said recently that the central bank should consider ditching a key principle behind its corporate bond purchases to offset the underpricing of environmental risk...
...Ms Lagarde has said the ECB should examine all options for tackling climate change in its strategic review, which is due to conclude next year....
...In response to the darkening outlook, Ms Lagarde is expected to signal clearly that more stimulus is likely in December....
...Ms Lagarde said it would “continue to be extremely attentive to the impact on prices that exchange rates have”. Martin Arnold Will inflation data push Bank of England into negative rates?...
...In contrast, Ms Lagarde’s instinct is to stick to the middle ground....
...Ms Lagarde’s comments were welcomed by environmental campaigners....
...The pandemic had created a “big river of uncertainty”, Ms Lagarde said....
...Analysts said Ms Lagarde’s speech boosted the chances that the ECB would adopt a more accommodative strategy to keep rates lower for longer....
...They are not eating oysters, they come in for a plate of pasta,” says Ms Di Maria....
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