Christine Lagarde
Inflation fight is an ‘art,’ says Lagarde
Finding the right monetary policy response to tackle soaring inflation is an "art," European Central Bank President Christine Lagarde has said.
"It is not a science," Lagarde said on June 29 at a panel at the ECB's annual central banking conference in Portugal.
"What we are doing there is an element of art," she said.
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For the First Time in 11 years, the ECB is starting to Raise Interest Rates
The European Central Bank confirmed on Thursday that it would end a long-running scheme to pour billions of euros into the Eurozone economy on July 1st by buying bonds and signaled a series of interest rate hikes as early as next month as it fights persistently high inflation.
ECB to end stimulus in prelude to rate hikes
The European Central Bank (ECB) is set to draw a line under its massive bond-buying stimulus program at a meeting on June 9, as inflation in the eurozone soars to all-time highs.
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ECB in ’no rush’ to hike interest rates, Lagarde says
The European Central Bank will take its time to assess new data before tightening its monetary policy any faster, its president said on Feb. 7, amid fierce speculation that the bank would raise rates sooner than previously expected.
Eurozone inflation soars to highest rate on record
Soaring energy prices took eurozone inflation to its highest rate on record in November, official data showed on Nov. 30, challenging the European Central Bank's resistance to tightening monetary policy earlier than planned.
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Inflation in the Eurozone Reached a 13-year High
Inflation in the Eurozone reached a record 3.4% for the last 13 years in September, according to Eurostat data. This is an increase of 0.4% compared to August. Core inflation, excluding food, energy, alcohol and tobacco, rose to 1.9% from 1.6% in August. The European Central Bank (ECB) expects the rate to rise to 4 by the end of the year, which would exceed the bank's target twice.
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ECB Ready to Respond to Rising Consumer Prices
The growing uncertainty about rising consumer prices require close monitoring by the European Central Bank, which sees it as a temporary trend, but it must be prepared to act sharply and flexibly, ECB Governing Council member Mario Centeno said, quoted by Reuters.
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Skyrocketing Energy Prices Are Worse than Pandemic and Will Stay Longer
The crisis with surging prices of energy sources is worse and will take longer to be resolved compared to the Covid-19 pandemic slowdown and the supply bottlenecks for major industries, European Central Bank President Christine Lagarde said in an interview for CNBC.
Mitsotakis in Marseilles for summit on Med biodiversity, viable development
Greek Prime Minister Kyriakos Mitsotakis travelled to Marseilles on Friday for a mini summit hosted by French President Emmanuel Macron on biodiversity in the Mediterranean, a gathering also attended by ECB Managing Director Christine Lagarde and Hollywood star Harrison Ford, in his capacity as the vice-president of the group Conservation International.
Central bank: Climate change agenda has high stake for Romania's economy, financial system
The climate change agenda has a high stake for the Romanian economy and financial system, both in terms of opportunities and costs, should the green transition be delayed, the governor of the National Bank of Romania (BNR), Mugur Isarescu, said on Tuesday at the press conference for the presentation of the Report of the National Committee for Macroprudential Supervision (CNSM).