
European Central Bank (ECB) president Christine Lagarde warned on Thursday in New York that the international order is “in danger” because the United States has begun to doubt the rules-based system it long supported, in remarks delivered as she received Columbia University’s Wolfgang Friedmann Memorial Award.

European Central Bank (ECB) President Christine Lagarde said on Sunday at the Munich Security Conference that a shift in US President Donald Trump’s stance toward Europe has acted as a political jolt, pushing European leaders into closer coordination.

The European Central Bank (ECB) left its main interest rate unchanged at 3.75%, but president Christine Lagarde indicated that an interest rate cut is possible at its next meeting in September. However in her media conference following last Thursday announcement warned that risks to growth persist.

By Christine Lagarde
The ECB has cut interest rates, 6th June. President Christine Lagarde explains why and sets out what still needs to be done to bring inflation back to 2% over the medium term. (*)

The European Central Bank, ECB left interests rates unchanged for the first time in more than a year at a meeting in Athens last Thursday. ECB said it would leave key rates unchanged at between 4 and 4.75%.

German Chancellor Olaf Scholz said during an EU summit last Friday in Brussels that Europe's banking system is stable and solid. The leaders of the Eurozone countries met with the head of the European Central Bank, ECB, Christine Lagarde, to discuss the potential fallsou of several major banks collapsing in the US and Switzerland.

Brazilian economy minister Paulo Guedes said that inflation will become a long-term challenge for Western countries, since the beast is already out of the bottle, and central bankers have been caught sleeping at the driving wheel.

The European Central Bank (ECB) on Thursday kept interest rates at historic lows and said it was stepping up its bond-buying stimulus in the coming months. The steps are aimed at halting what is regarded as a premature rise in borrowing costs in the 19 countries that use the Euro currency.

Christine Lagarde, president of the European Central Bank (ECB), said on Monday that the journey to recovery in 2021 would most likely be accompanied by a very high level of uncertainty before a transition to a new economy.

The International Monetary Fund said more public spending will be needed to complete the economic recovery from coronavirus, joining central bankers and finance leaders who are urging governments to set aside fears about mounting debt for now.