Lagarde Says ECB Has Tools to Address Market Disruption

European Central Bank President Christine Lagarde says the ECB has the tools to address disorderly, unwarranted market movements. She also repeats her line that "the direction of travel" for policy is "quite clear for all of us" unless there are major changes. She made the comments at a news conference in Frankfurt after policymakers decided to keep interest rates on hold at 2.5%. (Source: Bloomberg)