After lowering key rates in December, the ECB is widely expected to announce another 25 basis points (bps) cut, taking the benchmark rate on deposit facility from 3% to 2.75%. It would be the fourth straight interest rates cut after trimming them in September, October and December 2024.
European Central Bank President Christine Lagarde speaks on a panel at the World Economic Forum in Davos, Switzerland.
Speaking at a press conference, ECB President Christine Lagarde suggested “liquid, secure and safe“ standards for central banks likely precluded Bitcoin as a reserve asset.
Speaking to leaders at the World Economic Forum in Davos, Lagarde had to go onto the defensive in the face of criticism from a leading US financier.
The European Central Bank cut interest rates on Thursday and kept the door open to further policy easing as concerns over lacklustre economic growth supersede worries about persistent inflation. Following are highlights of ECB President Christine Lagarde's comments at a news conference after the policy meeting.
ECB President Christine Lagarde urged Europe to prepare for potential US trade policy shifts, warning of selective tariffs under Trump. Speaking in Davos, she stressed the need for economic reforms, defended the ECB's cautious rate cuts,
European Central Bank President Christine Lagarde warned that Europe needed to keep its "huge amount" of talent at home and raised the alarm for its leaders to act.
Christine Lagarde, president of the European Central Bank, responds to US President Donald Trump's trade deficit concerns with the EU, urging negotiations and mutual respect. While business leaders in Davos are optimistic about economic prospects,
The World Economic Forum's annual gathering of elites in Davos has ended with many business leaders, world-class academics, top government officials and other elites casting an upbeat tone about economic prospects,
It’s become something of a cliché for delegates at the World Economic Forum’s annual meeting to quiz each other about “the mood in Davos”. The nearly 3,000 political leaders, executives, financiers, and policymakers who descended on the Swiss mountain resort last week offered differing answers to that theme.
Christine Lagarde said Europe needed to get better at keeping its talent and savings at home, adding that the new US administration’s decision to freeze some funding for former president Joe Biden’s Inflation Reduction Act might remove one of the incentives to invest in the US.
Chief Adviser Professor Muhammad Yunus has sought the assistance of the European Central Bank president Christine Lagarde to recover