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Lagarde, Dijsselbloem Hit Back at ECB Critics

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The head of the International Monetary Fund (IMF) and head of the Eurogroup of finance ministers has hit back at critics of the European Central Bank, saying that politicians should refrain from public criticism of the central bank or its President, Mario Draghi.

“Mr Draghi has to do his work in independence and that means us politicians really restrain ourselves in comments and opinions,” Jeroen Dijsselbloem told CNBC on Friday.

“He has to take decisions that are good for the euro zone as a whole within his mandate and that’s exactly what the ECB is doing and the more we refrain from comments the more effective he can be,” he said.

CNBC

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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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