European Central Bank President Christine Lagarde said the first rate hike in more than a decade could be made in July, but downgraded the idea of ​​such a move by half a unit amid concerns about economic expansion. With more and more board members preparing for the summer interest rate hike, Lagarde told Dutch television […]
Tag: Christine Lagarde
Mr Lagarde: The first ECB rate hike could take place in July
European Central Bank President Christine Lagarde said the first rate hike in more than a decade could be made in July, but downgraded the idea of ​​such a move by half a unit amid concerns about economic expansion. With more and more board members preparing for the summer interest rate hike, Lagarde told Dutch television […]
K. Lagarde: Cryptocurrencies have no value and must be regulated
European Central Bank President Christine Lagarde has said that cryptocurrencies “are not based on anything” and should be regulated to prevent people from speculating on their livelihoods, according to Bloomberg. Lagarde told Dutch television she was concerned about people “who do not understand the dangers, who will lose everything and who will be terribly disappointed, […]
Capital Economics: Why raising ECB interest rates now is not a repeat of the 2011 mistake
Her Eleftherias Kourtali The ECB’s rate hike in 2011 was wrong, not least because it led to an even greater expansion of the region’s bond spreads, according to Capital Economics. Inflation was subdued, and policymakers were very concerned about acting proactively to contain inflation expectations. Therefore they could hardly be blamed for their reaction this […]
Lagarde changes everything at ECB meetings
European Central Bank President Christine Lagarde has given national central bank governors more leeway in policy meetings, urging members of the Executive Board to limit their interventions and allow more time for debate, Reuters reported. sources with knowledge of the discussion. Lagarde told the bank’s chief economist, Philip Lane, and Executive Committee member Isabelle Schnabel […]
The euro is moving higher after Lagarde’s statements
The euro rose 0.4% against the dollar to 1.0575 as ECB President Lagarde set a timetable for the first rate hike in a decade. In her speech, Lagarde stated that the net purchases through the assets purchase program will probably be completed in the third quarter of 2022. The first rate hike will come sometime […]
Lagarde: Gives ‘signal’ for interest rate hike in July
European Central Bank President Christine Lagarde said the first rate hike in more than 10 years could come weeks after the end of the bond-buying program early next quarter, when an already growing number of ECB members hint that a rise will come in July. “The first rate hike will take place sometime after the […]
Lagarde: Rejects calls for linking wage growth to inflation
President Christine Lagarde has rejected calls from ECB officials for linking wage increases to inflation, as inflation hit a record level in the eurozone and far exceeds the minimum wage boost this year. In a May 5 letter to Bloomberg’s staff, Lagarde said she understood that some people were “disappointed” with the increase this year […]
Lagarde: Stagnant inflation is not the key scenario for the Eurozone
Stagnant inflation is not the most likely scenario for the eurozone, even when the war in Ukraine is slowing growth and accelerating inflation, according to European Central Bank President Christine Lagarde, according to Bloomberg. “Stagnant inflation is not our main scenario at the moment,” Lagarde told the Slovenian newspaper Delo in an interview published today. […]
‘Mrs. Lagarde, that’s how it is!’
Economists are “showing” the head of the ECB the path the Fed has decided to take, raising interest rates to beat inflation and rising prices. The US Federal Reserve, the Fed, has taken the big step. It raised its interest rates for the first time in 22 years. And not by 0.25%, as was the […]
