FRANKFURT—Eurozone inflation has not peaked and it risks turning out even higher than currently expected, European Central Bank President Christine Lagarde said on Monday, hinting at a series of interest rate hikes ahead. Her comments, along with remarks by Dutch central bank chief Klaas Knot earlier, were likely to dampen speculation that the ECB was…
ECB Must Keep Raising Rates Even If Recession Risks Rise, Lagarde Says
FRANKFURT—The European Central Bank must keep raising interest rates to fight off inflation, even if the probability of a eurozone recession has increased, ECB President Christine Lagarde said in an interview published on Tuesday. “Our mandate is price stability and we have to deliver on that using all the tools we have available,” Lagarde told…
ECB Will Keep Countries on Straight and Narrow Even If It Buys Their Debt: Lagarde
SINTRA, Portugal—The European Central Bank’s upcoming bond-buying program will curb rising borrowing costs for vulnerable eurozone countries while keeping up pressure on their governments to repair their budgets, ECB President Christine Lagarde said on Tuesday. With the ECB nearing its first interest rate hike in over a decade, bond yields for Italy and other indebted…
ECB’s Lagarde Does Not See Risk of Stagflation
BERLIN—The European Central Bank does not expect the war in Ukraine to push the euro zone into stagflation even if it does push up inflation due to higher energy prices and push down growth, president Christine Lagarde was quoted as saying on Saturday. “Incoming data don’t point to a material risk of stagflation,” Lagarde said…
Euro Jumps After Hawkish Comments From ECB’s Lagarde
The euro jumped against the dollar on Thursday after comments from ECB president Christine Lagarde fuelled expectations of faster monetary policy tightening, although the central bank confirmed its guidance for interest rates and its bond purchase program. Lagarde acknowledged that inflation was running hotter than expected and with risks tilted to the upside, but continued…
European Central Bank to Taper Pandemic Stimulus, but Gently
December 16, 2021
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FRANKFURT, Germany—The European Central Bank decided Thursday to avoid an abrupt end to its pandemic crisis support for the economy as the new omicron variant of COVID-19 stirs uncertainty about the recovery, despite inflation hitting record highs and the U.S. speeding up its stimulus exit. The cautious approach comes as the 19 European Union member…
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