Mario Draghi’s successor as European Central Bank chief will probably favor keeping up ultra-loose policy and stimulus when she takes office in November, according to Governing Council member Yannis Stournaras. “There are strong monetary, economic, and financial arguments suggesting that the new ECB President, Christine Lagarde, will more or less continue along the same lines,” the Greek central bank governor said in an interview in Athens on Monday. Stournaras was among the majority of policy makers who backed the inclusion of bond purchases in the stimulus package, which also featured an interest-rate cut, that was ... (full story)