European Central Bank President Christine Lagarde speaks on a panel at the World Economic Forum in Davos, Switzerland.
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 warned that Europe needed to keep its "huge amount" of talent at home and raised the alarm for its leaders to act.
Following is the text of European Central Bank President Christine Lagarde's statement after the bank's policy meeting on Thursday:
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.
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,
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,
U.S. President Donald Trump drew pockets of laughter and a few moans with his blunt comments to an international audience while appearing by video link at the World Economic Forum meeting in Davos, Switzerland.
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,
ECB officials reduced the deposit rate by a quarter-point to 2.75%. They continued to describe their current monetary-policy stance as ‘restrictive’, signaling more loosening is in the pipeline, while
Europe must be prepared for US President Donald Trump to introduce new import tariffs on the region, European Central Bank President Christine Lagarde has warned. Speaking with CNBC at the World Economic Forum in Davos,
European Central Bank President Christine Lagarde discusses European competitiveness, tariff threats under Donald Trump's second presidency and monetary policy at the World Economic Forum in Davos.