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.
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.
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.
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.
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.