Tag: Christine Lagarde ECB

• Friday, March 17th 2023 - 07:53 UTC

  “Euro area banking sector is resilient, with strong capital and liquidity positions”, ECB President Lagarde

  

  Anticipating the Euro area banking sector is resilient, with strong capital and liquidity positions, and that inflation is projected to remain too high for too long, the European Central Bank announced on Thursday that the ECB Governing Council decided to increase the three key ECB interest rates by 50 basis points, in line with its determination to ensure the timely return of inflation to the 2% medium-term target.

• Friday, September 9th 2022 - 07:53 UTC

  Euro zone adopts an aggressive rates policy: “inflation remains too high and is likely to stay”

  

  The European Central Bank decided on Thursday to increase the three key interest rates by 75 basis points, making a dramatic change from the prevailing transition accommodative rates' levels to ensure a timely return to the ECB's inflation target of 2%.

• Friday, July 22nd 2022 - 09:30 UTC

  European Central Bank raises benchmark interests, first time in eight years

  

  The European Central Bank on Thursday raised key interest rates for the first time in over a decade with the purpose of combating inflation, reflected in consumer prices of the Euro-zone which reached 8,6% in the first half of the year.

• Thursday, October 21st 2021 - 19:29 UTC

  The president of powerful Bundesbak resigns after ten years in the post

  

  The president of the all-powerful German central bank, Bundesbank Jens Weidmann announced he will be resigning from the position he has held since 2011, on 31 December 2021, for personal reasons. “I have come to the conclusion that more than 10 years is a good measure of time to turn over a new leaf – for the Bundesbank, but also for me personally,” Weidmann wrote in a letter to the Bank's staff.

• Monday, July 26th 2021 - 04:28 UTC

  European Central Bank confirms expansive monetary policy

  

  The European Central Bank confirmed its expansive monetary policy this week, in accordance with its recently reviewed inflation target and in a context of growing Covid 19 contagions that threaten recovery.

• Tuesday, October 29th 2019 - 08:04 UTC

  Germany and France laud outgoing ECB president Dragui for defending “the European dream”

  

  French President Emmanuel Macron and German Chancellor Angela Merkel on Monday lauded Mario Draghi for defending “the European dream” in the face of opposition as he handed over a divided ECB to Christine Lagarde.

• Sunday, October 20th 2019 - 10:50 UTC

  Lagarde tells Trump and world leaders to act like grownups in trade conflicts

  

  Former IMF chief Christine Lagarde said President Donald Trump's trade offensive against China could slash global economic growth and she critiqued his Twitter habits in an interview with US television program 60 Minutes.

• Thursday, September 26th 2019 - 07:42 UTC

  Bulgaria's Georgieva is the new IMF Managing Director; second woman in the post, takes office October first

  

  The International Monetary Fund on Wednesday formally selected Kristalina Georgieva of Bulgaria to be only the second woman ever to lead the 189-member institution. The selection had been all but guaranteed after the global crisis lender said earlier this month that Georgieva, a former World Bank CEO, was the sole candidate.