The war in Ukraine has had a serious impact on the Eurozone economy and has significantly increased uncertainty, the European Central Bank reiterates in its Financial Bulletin released today. “The impact of the war on the economy will depend on the course of the conflict, the impact of the sanctions imposed and the possibility of […]
Tag: Christine Lagarde
Lagarde: Possible increase in interest rates in the summer
The president of the European Central Bank, Christine Lagarde, left open on Wednesday the possibility of an increase in the guiding interest rates of the institution during the summer, if inflation remains at a high level. “The ECB’s mission is price stability,” Ms. Lagarde of Hamburg said yesterday, where she met with Mayor Peter Chancher. […]
Lagarde: Downward risks to growth intensified – ‘The journey has begun’, he said on interest rates
LAST UPDATE 16:35 The toxic mixture of rising energy and other commodity prices and the enormous uncertainty created by the war in Ukraine are now creating significant difficulties for the economic growth of the Eurozone. “Inflation has risen significantly and will remain high in the coming months, mainly due to the sharp rise in energy […]
K. Lagarde: We will look at inflation higher
By Leonidas Stergiou Four factors that threaten higher inflation and lower growth remain, while a root cause of inflationary pressures has not yet normalized, as expected. These are supply problems and supply chain shortages. Added to all this is the impact of the Russo-Ukrainian war, which, according to Ms. Lagarde, predicts even higher inflation. 3 […]
Lagarde: He insists that inflation will stop rising
“Food and energy prices in the eurozone should stop rising, which will help the eurozone avoid a combination of stagnant growth and high inflation that economists fear,” said ECB President Christine Lagarde. Inflation in Spain stood at 9.8% this month and is expected to be higher than 7% in Germany, leading the eurozone to another […]
Lagarde: The longer the war lasts, the higher the cost
European Central Bank President Christine Lagarde warned today that “Europe is entering a difficult phase”, stressing that “in the short term, we will face higher inflation and slower growth”. The longer the war in Ukraine lasts, “the higher the cost will probably be,” the ECB’s president said in a speech at an event organized by […]
Christine Lagarde will visit Cyprus on Wednesday
At a particularly important time for the European Union and the Eurozone, Christine Lagarde, having accepted the invitation of the Governor of the Central Bank of Cyprus Constantine Herodotus, will be on the island and will have meetings with state and social institutions of the place. “The visit of the President of the European Central […]
Κρ. Lagarde: The data do not show a risk of stagnant inflation
In the unfavorable scenario due to Ukraine, the growth of the eurozone may decline by up to 2.3% in 2022, said ECB chief Christine Lagarde in an interview with the Liberal Party of Cyprus, stressing that the data do not show a significant risk of stagnant inflation. More specifically, when first asked whether Europe’s reaction […]
The risk of stagnant inflation is pushing bond prices
Today, the markets are moving with their eyes on the escalation of the war in Ukraine. The assessment that the war is not going to end soon as well as the new reality that will be formed geopolitically in the future, cause serious concern to the investment community. The head of the ECB failed to […]
Lagarde: The effects of war are very different in the US and Europe
The two largest central banks in the world will be disconnected in the near future as the war in Ukraine has very different effects on their economies, ECB President Christine Lagarde said on Monday. The US Federal Reserve raised interest rates on previous aid shortly after the ECB said it was in no hurry to […]
