ECB has "no objection" to Christine Lagarde becoming its new president

Ahead of its all-important monetary policy decision due later today at 1145 GMT, the European Central Bank (ECB) came out with a formal announcement, backing ex-IMF Chief Christine Lagarde’s appointment as the new ECB President.

Key Headlines:

ECB had "no objection" to Christine Lagarde becoming its new president.

Lagarde has the experience required for the job