CHRISTINE LAGARDE

ECB cannot commit to rate path even after first cut, says Lagarde

The European Central Bank cannot commit to a pre-set number of interest rate cuts even after it starts reducing borrowing costs as the pace of cuts will depend on incoming data, ECB President Christine Lagarde said on Wednesday.

ECB rate cut likely in 'spring': French central bank chief

Francois Villeroy de Galhau and other ECB governing council members plan to cut interest rates in spring to meet the inflation target and stimulate the eurozone economy. ECB president Christine Lagarde emphasized the need for more evidence on inflation before deciding in June.

Europe's inflation is way down. But hope is gone for a quick interest rate cut

Europe's energy crisis, sparked by Russia's actions in Ukraine, has seen some relief with a decrease in inflation. However, the European Central Bank (ECB) is not expected to cut interest rates at its upcoming meeting. ECB President Christine Lagarde is likely to stress the need for more evidence that inflation is decreasing toward the bank's 2% target.

Shipping CEOs see no short-term end to Red Sea disruptions

Disruptions to supply chains that began during the pandemic were partly behind an initial bout of inflation that occurred before energy prices spiked in the wake of the Russian invasion of Ukraine.

When IMF's Lagarde gave thumbs up to RBI’s FX intervention

"A few directors explicitly supported the authorities’ view that exchange rate stability reflects improvements in India’s external position and that foreign exchange interventions have been used to avoid excessive volatility not warranted by fundamentals," said the IMF report.

ECB leaves rates unchanged, starts pulling plug on bond buys

The ECB raised interest rates to a record high earlier this year but unexpectedly benign inflation data over the past few months has all but ruled out further policy tightening, shifting the debate to how fast it will reverse course.

Inflation drops to a two-year low in Europe. It offers hope, but higher oil prices loom

Economic growth has stagnated to just above zero in the first six months of the year, with some indicators pointing to a downturn in the current July-to-September quarter. This burst of inflation was set off as the global economy rebounded from the COVID-19 pandemic, leading to shortages of parts and raw materials. It got worse when Russian invaded Ukraine, sending energy prices soaring as Moscow cut off most natural gas to Europe.

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

Christine Lagarde said “strong spending on holidays and travel” and increasing wages were slowing the decline in price levels even as the economy stays sluggish. Annual inflation in the eurozone eased only slightly from 5.2% in July to 5.3% in August.

ECB to tackle excess liquidity in next stage of inflation fight -sources

The central bank for the 20 countries that use the euro has already raised interest rates 10 times to record levels but inflation remains well above its 2% target. With rates likely on hold at least until December, policymakers are now starting to shift their focus to the cash that they injected into the banking system over a decade of bond purchases.

ECB hikes, cuts growth outlook; US core inflation remains bit firmer

While the European Central Bank hiked interest rates this week and cut growth estimates, the core inflation in the US stood a bit firmer than expected.

FOMC meet next week to trigger volatility in gold

The US CPI inflation data (August) showed that the US core CPI inflation m-o-m rose 0.30% versus the forecast of 0.20%, thus registering the first increase in six months, whereas the headline CPI inflation y-o-y was up 3.70% as against the forecast of 3.60%

Lagarde’s policy silence keeps ECB interest rate debate raging

Consumer-price numbers will set the scene for one of the most suspenseful decisions since ECB rate hikes began more than a year ago, as officials ask if additional monetary tightening is an imperative, or whether a souring economic outlook is bleak enough to warrant a pause.

Fed Chair's message is clear: The fight against inflation isn't over

Powell, who was speaking Friday at the Federal Reserve Bank of Kansas City's annual Jackson Hole conference in Wyoming, said the Fed would "proceed carefully" as it decided whether to make further policy adjustments after a year and a half in which it had pushed interest rates up sharply.

Eurozone economy rebounds as inflation cools down in July

The figures came after data last week showed that Germany's gross domestic product (GDP) stagnated between April and June, though the French and Spanish economies grew more than expected.

European Central Bank raises interest rate, will it help Eurozone economy to stabilize?

The European Central Bank or ECB has raised the rate of the economy, but economists feel that the inflation rate in the 20-member economic group may go further up. Know the reasons.

European Central Bank hikes interest rates for ninth time to combat inflation

Central banks around the world have been raising borrowing costs to combat inflation unleashed by higher energy prices after Russia invaded Ukraine and supply chain backups as the global economy recovered from the coronavirus pandemic.

European Central Bank raises rates by 25 bps to highest level since May 2001

The central bank's ninth straight increase took the closely-watched deposit rate to 3.75 percent -- a level last seen in May 2001 and equal to its previous record high.

ECB asks public view on banknote redesign theme

A survey by the European Central Bank that began on Monday and will run through August allows participants choose between seven shortlisted topics from rivers and birds to culture and values. "We want Europeans to identify with the design of euro banknotes, which is why they will play an active role in selecting the new theme," ECB President Christine Lagarde said.

Inflation is moving in different directions in Europe. It hit 6.8% in Germany and 1.6% in Spain

German consumer prices jumped 6.8% in June from a year earlier, up from May's 6.3%, the state statistics office Destatis said. The figure was boosted in part by a widely used offer of cheap transport tickets last summer, analysts said.

ECB to increase rates in July: ECB president Christine Lagarde

Despite rising inflation, European Central Bank president Christine Lagarde has stated that it is "unlikely" for policymakers to declare the peak of interest rates soon. Lagarde estimated that the ECB's policy would be hence determined "meeting by meeting." However, she confirmed that the bank will continue to increase the rates in July.

No pause in sight as ECB eyes next rate increase

Analysts predict that ECB policymakers will copy May's move and again raise borrowing costs by 25 basis points, taking the closely watched deposit rate to 3.50%.

ECB slows rate hikes and keeps options open

The 25-basis-point increase to the ECB's three policy rates was the smallest since it started lifting them last summer and the central bank did not explicitly commit to further hikes.

Euro, dollar status should not be taken for granted, says ECB's Christine Lagarde