Tag: Christine Lagarde
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ECB holds rates as energy shock clouds outlook despite earlier growth momentum
European was doing well before the Iran war broke out according to the European Central Bank Chief Christine Lagarde. Domestic demand remains the main driver for growth but prices are coming under pressure due to the energy shock. Speaking at today’s press conference, Lagarde said that the Euro area economy had been showing signs of…
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European Central Bank to intervene with a gradual approach if energy shock persists
In her speech given at Frankfurt University last Wednesday, the European Central Bank Chief Christine Lagarde joked that had she gave the speech a month ago it would been totally different. Today, she said, her team is updating their assessment on an hour by hour basis. President Lagarde said that that the ongoing energy shock…
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European Central Bank leaves interest rates unchanged: energy and commodity prices weighing on inflation
The European Central Bank kept interest rates unchanged following its latest Governing Council meeting. The US Federal Reserve also kept interest rates unchanged. The President of the ECB Christine Lagarde said warned that while inflation in the Eurozone has recently eased to around target levels, risks are titled to the downside due to the war…
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European Central Bank leaves interest rates unchanged: employment growing moderately
The European Central Bank left its interest rates unchanged at 2-2.4% as the ECB said that inflation is coming down to its target of 2%. The ECB expects inflation to moderate at these levels in the medium-term. The ECB stated that Inflation in the month of January was at 1.7% declining from 2% in December…
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ECB Chief Christine Lagarde welcomes new Maltese Central Bank Governor Alexander Demarco
The President of the European Central Bank Christine Lagarde welcomed Alexander Demarco to the ECB’s Governing Council. He officially replaces Edward Scicluna. Alexander Demarco’s appointment to the ECB Governing Council was welcomed alongside the appointment of Bulgaria’s Central Bank Chief Dimitar Radev after Bulgaria has just joined the Eurozone. New Slovenian Central Bank Governor Primož…
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President Trump arrives in Davos: no invasion for Greenland and President Christine Lagarde leaves the room
Yesterday’s session at the World Economic Forum in Davos was marked by the speeches of US President Donald Trump and his delegation who offered insult, transgression and even some bit of racism in their speeches and discourses. However, the President of the European Central Bank Christine Lagarde wasn’t in the mood for nonsense as she…
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Digital Euro on track to the European Parliament after Danish Presidency concludes draft text
The legislation for the digital Euro is set to go to the European Parliament after a first tentative text was concluded at the European Council negotiations led by the Danish Presidency. The initial stages of the discussions of the European Council involved diplomats from member-states so member-states have already agreed on a tentative draft text…
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European Central Bank Chief urges European leaders to cut internal trade barriers
In a scathing speech delivered at the 35th Frankfurt European Banking Congress, President of the European Central Bank Christine Lagarde urged European leaders to conduct widespread reform to ensure economic growth in the near-term and long-term future. The ECB Chief said that “The world will not slow down for Europe – but we can decide…
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ECB Chief urges European legislators to introduce legislation on the Banking Union and the Digital Euro
The European Governing Council met on Thursday in Firenze and kept interest rates unchanged as expected prompting little attention. The meeting was followed with Fed’s announcement that it was to lower its interest to 3.75-4%. Yesterday, Eurostat issued a flash estimate of inflation in the Euro-area in October coming at 2.1% in accordance with the…
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The digital Euro to strengthen Europe’s sovereignty
During yesterday’s European parliament questioning to the European Central Bank Chief Christine Lagarde, the topic that stood out was the digital Euro. Both the members of the European Parliament and the ECB Chief agree that the digital Euro will strengthen Europe’s sovereignty and decrease dependence on US companies that currently dominate private money-rails. MEP Nikos…
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ECB keeps interest rates unchanged: raises economic growth forecast for 2025 from 0.9% to 1.2%
The European Central Bank has kept its main interest rate unchanged at 2.15% and 2.4% for its marginal lending facility, and stated that inflation is still around at its 2% target. However, it has raised its economic growth projections for the Euro area from 0.9% to 1.2% for this year. On the economy, the ECB…
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European Central Bank lowers lending rate to 2.4%: Lagarde says both core and headline inflation are going down
Updated: During the press questions, the ECB President also announced that the EU’s crypto-legislation MICA is under review for improvement especially in regard to stable-coins. She also said that the EU needs to be prepared before the roll0out of the digital Euro. The European Central Bank has said that core and headline inflation are going…
