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Interest rates will stay high ‘as long as necessary,’ the European Central Bank’s leader says
1 year, 2 months ago

Interest rates will stay high ‘as long as necessary,’ the European Central Bank’s leader says

Associated Press  

FRANKFURT, Germany — The head of the European Central Bank said Monday that interest rates will stay high enough to restrict business activity for “as long as necessary” to beat back inflation. Christine Lagarde said rates would stay high because upward pressure on prices “remains strong” in the 20 countries that use the euro currency. “We remain determined to ensure …

Economy Inflation Interest Rates High Rate Rates European
Interest rates will stay high 'as long as necessary,' the European Central Bank's leader says
1 year, 2 months ago

Interest rates will stay high 'as long as necessary,' the European Central Bank's leader says

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The head of the European …

Economy Inflation Interest Rates High Rates European Ecb
European Central Bank chief signals more rate hikes ahead with inflation still ‘strong’
1 year, 6 months ago

European Central Bank chief signals more rate hikes ahead with inflation still ‘strong’

Associated Press  

FRANKFURT, Germany — European Central Bank head Christine Lagarde said Monday that price pressures are “strong” and made clear that the bank will raise interest rates high enough to bring down inflation and keep them there “for as long as necessary.” Lagarde’s remarks reinforced her earlier statements indicating the ECB was not done raising rates even after inflation fell by …

Europe Inflation Central Bank Rate European Ecb Lagarde
European Central Bank slows pace of rate hikes but vows more
1 year, 7 months ago

European Central Bank slows pace of rate hikes but vows more

Associated Press  

FRANKFURT, Germany — The European Central Bank slowed the pace of its interest rate increases Thursday, stepping back like the U.S. Federal Reserve from a string of jumbo hikes aimed at snuffing out inflation. The central bank for the 20 countries that use the euro currency started later and said it has further to go even as economic growth slows …

Europe Economic Growth Bank Prices Rate European Ecb
ECB raises rates for the first time in 11 years
2 years, 5 months ago

ECB raises rates for the first time in 11 years

CNN  

London CNN Business — In a bold attempt to get inflation under control, the European Central Bank on Thursday announced it would hike its key interest rate by a half percentage point. The central bank had previously indicated that it would increase rates by a smaller margin, but decided it needed to be more aggressive based on an “updated assessment …

Europe Inflation Central Bank European Euro Ecb Lagarde
Europe’s central bank ready to ‘stamp out’ surging inflation
2 years, 5 months ago

Europe’s central bank ready to ‘stamp out’ surging inflation

Associated Press  

SINTRA, Portugal — The head of the European Central Bank said Tuesday that it will move gradually to combat soaring consumer prices with interest rate hikes in July and September but will keep its options open to “stamp out” inflation if it surges faster than expected. In a speech opening an ECB forum on central banking in Sintra, Portugal, bank …

Inflation Bank Fed Ecb Lagarde
Christine Lagarde: Countries must not ‘brutally’ pull stimulus
3 years, 10 months ago

Christine Lagarde: Countries must not ‘brutally’ pull stimulus

CNN  

London CNN Business — Some politicians are worried that countries will borrow too much to prop up the economy over the comingyear. The European Central Bank president told CNN Business’ Richard Quest on Thursday that her biggest fear isn’t that the European Union will accumulate a mountain of debt, but that governments could “brutally” withdraw job guarantees and income support …

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