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ECB president Lagarde to speak later in the day

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ECB president Lagarde scheduled to speak at 1000 GMT

Lagarde will be speaking about the global economy in a conversational speech, which should go on for about 30 minutes. As such, there might be some room to touch on policy here but I wouldn’t expect her to break rank in the way that Kazaks did earlier here.

Her voice is much too powerful to risk sending shockwaves to the market so expect a more generic tone from Lagarde in general later.

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