Christine Lagarde: Latest News

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12.07.2021 / 15:45

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EU plodding stirs ECB concernsThe European Union’s path to joint fiscal stimulus is looking less assured than its monetary guardians would like, casting further clouds over an outlook already stunted by the bloc’s botched vaccination drive, reports Bloomberg. European Central Bank President Christine Lagarde last week gave a hint of alarm to lawmakers on the slow rollout of the 750 billion-euro pandemic recovery fund, building on the warning of colleagues.

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Worsening pandemic poses 'serious risks', ECB's Lagarde warns

European Central Bank chief Christine Lagarde warned on Thursday that the pandemic still poses "serious risks" to the eurozone economy as concerns grow about new virus variants and sluggish vaccination campaigns.The Frankfurt institution's governing council held back from tweaking its ultra-loose monetary policy at its first meeting of the year, having already topped up up support in December.Lagarde stressed that "ample monetary stimulus" remained essential to steer the 19-nation currency club through the Covid-19 upheaval, and that the ECB stood ready to do more as needed."The pandemic continues to pose serious risks to public health and to the euro area and global economies," Lagarde told an online press conference.The start of mass

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How the European Central Bank is fighting the coronavirus resurgence

- Emergency bond-buying for longer -ECB chief Christine Lagarde announced that the bank would expand its main virus-fighting tool, the pandemic emergency bond-purchase programme known as PEPP, by 500 billion euros ($605 billion) to 1.85 trillion euros.It also extended the scheme by nine months, to March 2022, with Lagarde adding that PEPP will keep running until the ECB judges that "the coronavirus crisis phase is over".The scheme pumps unprecedented amounts of cheap money into the euro area, allowing borrowing costs to remain low to encourage spending and investment.The goal is to support economic growth and push stubbornly low inflation higher to the ECB's target of just under 2.0 percent.The ECB also said it would extend the reinvestment

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ECB boosts pandemic stimulus with more bond-buying, bank loans

European Central Bank escalated its efforts to shield the eurozone from a possible double-dip recession with another burst of monetary stimulus to lock in low-interest rates at least until the pandemic crisis is over.Policymakers increased and extended emergency bond purchases, and approved more/cheaper long-term loans to banks/on even cheaper terms.

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Lagarde: Recovery from pandemic could be bumpy

FRANKFURT – European Central Bank head Christine Lagarde says the current 1.35 trillion-euro ($1.58 trillion) bond purchase program and cheap loans to banks are “likely to remain the main tools” to help the economy as it prepares to offer more stimulus in December.Lagarde said Wednesday that “while all options are on the table,” the bond purchase program and offers of long-term credit to banks - in some cases carrying a negative interest rate that pays the banks to borrow - had proven effective and could be adjusted as the pandemic evolves. At the central bank's last meeting on Oct.

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Europe's central banker: Recovery 'risks losing momentum'

FRANKFURT – The head of the European Central Bank says the economic recovery from the coronavirus pandemic “risks losing momentum” due to a second wave of infections and that more stimulus could be added if necessary. “The second wave of the pandemic in Europe, notably in France, and the resulting new restrictions are adding to the uncertainty and weighing on the recovery,” Christine Lagarde said in an interview with the French newspaper Le Monde that was published on the central bank's website.“Since the rebound we saw over the summer, the recovery has been uneven, uncertain and incomplete and now risks losing momentum,” she said, adding that “the options in our toolbox have not been exhausted.

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Europe's central bank moves toward introducing digital euro

FRANKFURT – With consumers increasingly using cashless ways to buy things, the European Central Bank on Friday took a step closer to issuing a digital version of the euro currency shared by 19 countries, saying it had to be ready to launch digital money if a changing world requires it.The central bank issued a comprehensive report outlining the reasons why it might need to take the step. The ECB also said it would hold public consultations on the idea with citizens, academics and bankers.It said no decision has been made, and that any digital euro would complement cash, not replace it.

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Central bank head: Europe's recovery uncertain, incomplete

FRANKFURT – The head of the European Central Bank says that the economy is rebounding but that the recovery remains uncertain, incomplete and dependent on containig the virus outbreak.ECB President Christine Lagarde told a joint meeting of parliamentary deputies from France and Germany on Monday that incoming data suggest a strong economic rebound in the third quarter, that is, July through September.

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European Central Bank keeps stimulus policies on hold

FRANKFURT – The European Central Bank left its key stimulus settings unchanged with almost a trillion euros (dollars) in stimulus still in the pipeline to bolster the eurozone’s rebound from the severe coronavirus shutdowns.The pause may only be a prelude to even more stimulus later this year as the ECB and global counterparts such as the US Federal Reserve make clear their determination to do maintain their massive support to limit the damage from the virus outbreak.The bank’s governing council made the decision at a meeting Thursday.Markets were waiting to hear ECB head Christine Lagarde’s outlook on possible threats to the economic rebound from a stronger euro, which can hurt exporters, and from weak inflation, which indicates weak

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EU's pandemic fund 'could have been better', ECB's Lagarde says

European Union deal creating a 750-billion-euro ($870 billion) fund to help the bloc's weaker economies recover from the coronavirus pandemic "could have been better", European Central Bank President Christine Lagarde said on Wednesday.The accord, struck on Tuesday after fraught negotiations, will see the European Commission disburse 390 billion in grants and 360 billion in cheap loans to member countries based on criteria including their unemployment rate in recent years and, later, the economic damage wrought by the pandemic.But Lagarde stood out as a rare critic, saying she would have preferred a greater proportion of grants over loans, in line with the Commission's original proposal that was changed to convince fiscally frugal countries

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European Central Bank nearly doubles pandemic support scheme

FRANKFURT – The European Central Bank has boosted its pandemic emergency support program by 600 billion euros to 1.35 trillion euros ($1.5 trillion) in an effort to keep affordable credit flowing to the economy during the steep downturn caused by the virus outbreak.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0