The European Central Bank cut interest rates on Thursday and kept the door open to further policy easing as concerns over lacklustre economic growth supersede worries about persistent inflation. Following are highlights of ECB President Christine Lagarde's comments at a news conference after the policy meeting.
The ECB cut rates by 25bps to 2.75%, with Lagarde signalling further easing if inflation declines. Growth risks persist amid weak confidence and geopolitical tensions. She ruled out Bitcoin as a reserve asset,
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,
At the World Economic Forum, President Trump's return to the White House overshadowed traditional talk on climate change, trade and development.
The comments by Christine Lagarde alluding to a U.S.-EU rift offered ... efforts to end wars in places like Ukraine and the Middle East, and technological progress. Some human rights advocates ...
U.S. President Donald Trump is getting his wish that interest rates drop across the world, just not at home where a strong economy and uncertainty over his own policies have set the stage for the Federal Reserve to diverge from its central bank peers.
The comments by Christine Lagarde alluding to a U.S.-EU rift offered ... efforts to end wars in places like Ukraine and the Middle East, and technological progress. Some human rights advocates ...
WASHINGTON - US President Donald Trump is getting his wish that interest rates drop across the world, just not at home where a strong economy and uncertainty over his own policies have set the stage for the Federal Reserve to diverge from its central bank peers.
Inflation is nearly contained, but the Fed sees enough uncertainty and risk on the horizon that it has moved to the sidelines, at least for now
European Central Bank President Christine Lagarde is giving a press conference following the bank’s latest monetary policy decision.
Following is the text of European Central Bank President Christine Lagarde's statement after the bank's policy meeting on Thursday:
On Bitcoin, Lagarde’s Czech counterpart Ales Michl yesterday said that his institution will assess whether to hold part of its foreign reserves in Bitcoin. In the US, President Trump has backed the idea of a strategic national Bitcoin reserve.