Behind the scenes: The ECB chief's fight against inflation
The European Central Bank (ECB) is about to cut interest rates for the second time this year. Following the monetary policy turnaround in June, the ECB Council, led by President Christine Lagarde, is now likely to take the second step downwards: The financial markets firmly believe that they will lower the deposit rate by a quarter of a percentage point – or 25 basis points – to 3.50 percent. Many stock market professionals expect that easing inflation will pave the way for further monetary easing.
But who is this woman who, according to the "Forbes" list, is the second most powerful woman – after Ursula von der Leyen – and who significantly determines the fate of the ECB?
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