ECB's Holzmann Says Policy Makers Disagreed on Effectiveness of Stimulus

The transcript discusses the European Central Bank's recent rate cut and quantitative easing measures, highlighting the dissent within the Governing Council. It details the constructive discussions that took place, focusing on disagreements about the effectiveness of further monetary easing. The potential impact of these measures on market interest rates and the economy is explored. The transcript also reflects on whether the Council may have made a policy mistake and considers the possibility of future policy changes. Finally, it discusses Christine Lagarde's upcoming role and her potential influence on the ECB's direction.

What was the general sentiment among Council members regarding potential policy mistakes?

What are the implications of Christine Lagarde's potential influence on future monetary policy?