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Lagarde Says `Highly Accommodative Policy' Is Warranted by ECB

Sep.04 -- Incoming European Central Bank President Christine Lagarde pledged to act with “agility” against what she described as inflation that is persistently too low, signaling that she intends to follow Mario Draghi’s example in keep monetary policy exceptionally loose. Lagarde, who ran the International Monetary Fund for the past eight years and is scheduled to take over at the ECB on Nov. 1, made the comments during a hearing before lawmakers in Brussels.