The European Central Bank is facing strong demands to finish meetings behind closed doors with the private sector, following on disclosure that chief economist Philip Lane allegedly anticipated an inflation forecast, not yet published, in one of such events.
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.
France and Germany proposed on Monday a 500-billion-euro (US$545-billion) fund to finance the recovery of the European Union's economy from the devastation wrought by the coronavirus crisis.
The world's largest oil traders are pouring hundreds of millions of dollars into climate-friendly projects: including wind farms, cow manure plants, and blue hydrogen: as they seek to match the profits they make from trading oil.
Incoming European Central Bank chief Christine Lagarde on Wednesday took aim at Germany and other thrifty Eurozone members running budgetary surpluses, saying they should increase their spending to shore up slowing growth.
Departing European Central Bank president Mario Draghi said on Thursday the proudest legacy from his eight-year term was the ability to “never give up” in the face of economic crises, internal dissent, and external criticism.
The European Central Bank announced a sweeping round of stimulus for the continent's slowing economy, cutting interest rates to their lowest ever level and introducing a round of quantitative easing.
The top executive at the World Bank, Kristalina Georgieva of Bulgaria, now faces no opposition in her candidacy to lead the International Monetary Fund, the fund announced on Monday.
The nomination of Christine Lagarde as European Central Bank president on Tuesday has thrust the International Monetary Fund into an early, unanticipated search for a new leader amid a raging trade war that has darkened the outlook for global growth.