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Lagarde as ECB chief 'could hasten currency devaluations'

Analysts see her sticking with flush-money policy that has caused negative short-term interest rates in Europe

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There are concerns Ms Lagarde's appointment is politicised when central banks are supposed to be independent of governments.

London

ECONOMIC pundits are concerned that Christine Lagarde's appointment as the new European Central Bank (ECB) chief will accelerate competitive devaluations of the euro, yen and other currencies against the US dollar.

They also worry about the potential backlash from the Trump...