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Europe’s economy has stalled. But an interest rate cut will likely have to wait for summer
10 months ago

Europe’s economy has stalled. But an interest rate cut will likely have to wait for summer

Associated Press  

FRANKFURT, Germany — Inflation in Europe is way down from its painful double-digit peak, and the economy has stalled. But the European Central Bank left its key interest rate at a record high Thursday, and its leader suggested a much-anticipated cut to borrowing costs would likely wait until June. The decision comes as central banks around the world, including the …

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Lagarde rated ‘poor’ by own staff at European Central Bank
11 months, 2 weeks ago

Lagarde rated ‘poor’ by own staff at European Central Bank

The Telegraph  

Ms Lagarde performed notably worse than her predecessors in the role, with Mario Draghi, the former Italian prime minister, rated “poor” or “very poor” by fewer than one in 10 staff in the survey, carried out by Ipso. One worker wrote: “Mario Draghi was there for the ECB while the ECB seems to be there for Christine Lagarde.” An ECB …

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European Central Bank expected to slow pace of rate hikes
2 years ago

European Central Bank expected to slow pace of rate hikes

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 European Central Bank is …

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Europe’s inflation likely hasn’t peaked, ECB’s Lagarde says
2 years, 1 month ago

Europe’s inflation likely hasn’t peaked, ECB’s Lagarde says

Associated Press  

BRUSSELS — The head of the European Central Bank said Monday she does not believe inflation has peaked after reaching the highest levels on record. ECB President Christine Lagarde also told European lawmakers that the bank isn’t through raising interest rates to combat those price spikes. That means the central bank will “continue to tame inflation with all the tools …

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Eurozone inflation surges to record high in fresh blow to Lagarde
2 years, 5 months ago

Eurozone inflation surges to record high in fresh blow to Lagarde

The Telegraph  

Inflation in the eurozone has soared to a new record high, piling more pressure on the European Central Bank as price rises show no signs of slowing. “Going forward, the path for inflation is very dependent on what happens with Russian gas flows, and hence energy prices, but in any case it isn’t expected to come down fast,” she added. …

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European Central Bank keeps pandemic support going
3 years, 2 months ago

European Central Bank keeps pandemic support going

Associated Press  

FRANKFURT, Germany — The European Central Bank decided Thursday to keep its pandemic stimulus efforts unchanged even as consumer prices spike and central banks in other parts of the world look to dial back support as their economies bounce back from the worst of the COVID-19 outbreak. Bank President Christine Lagarde underlined that the burst of inflation was temporary and …

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600,000 dead as coronavirus rebounds around the world: Live
4 years, 5 months ago

600,000 dead as coronavirus rebounds around the world: Live

Al Jazeera  

Confirmed global virus deaths surge to 603,000 with the United States the world’s worst-affected country. 11:10 GMT – Philippines records 58 coronavirus deaths, 2,241 new cases The Philippines’ health department reported 58 deaths related to COVID-19 and 2,241 additional infections of the new coronavirus. 04:37 GMT – Albania’s coronavirus cases at 4,008, total deaths 111 Albania has reported 4,008 confirmed …

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’Precarious’ global rebound expected in late 2019: IMF’s Christine Lagarde
5 years, 9 months ago

’Precarious’ global rebound expected in late 2019: IMF’s Christine Lagarde

Live Mint  

Global growth in 2019 should be even slower than previously expected but a "precarious" rebound later this year is likely, the head of the International Monetary Fund said on Tuesday. In a speech ahead of next week's spring meetings with the World Bank, IMF chief Christine Lagarde said the world economy was vulnerable to shocks from Brexit, high debt levels …

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