At the World Economic Forum, President Trump's return to the White House overshadowed traditional talk on climate change, trade and development.

European Central Bank President Christine Lagarde speaks on a panel at the World Economic Forum in Davos, Switzerland.

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.

Following is the text of European Central Bank President Christine Lagarde's statement after the bank's policy meeting on Thursday:

U.S. President Trump is to speak to an international audience for the first time after returning into the White House with a speech and Q&A by video conference to the World Economic Forum’s annual event in Davos 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.

The European Central Bank isn’t lowering interest rates too slowly and will maintain its measured approach to easing monetary policy, President Christine Lagarde told CNBC.Most Read from BloombergTexa

Christine Lagarde said Europe needed to get better at keeping its talent and savings at home, adding that the new US administration’s decision to freeze some funding for former president Joe Biden’s Inflation Reduction Act might remove one of the incentives to invest in the US.

At the World Economic Forum, BlackRock CEO Larry Fink suggested renewed investment in Europe, emphasizing reduced pessimism and potential growth. Despite global economic challenges, Fink, IMF's Kristalina Georgieva,

Welcome to CNBC’s live blog covering all the latest news, views and action on day 3 of the World Economic Forum in Davos, Switzerland.

European Central Bank President Christine Lagarde discusses monetary policy at the World Economic Forum in Davos.

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.