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Speaking to journalists, ECB President Christine Lagarde — who donned a necklace in the shape of the words “In charge” — emphasized that the central bank would continue to follow “a data ...
Following are highlights of ECB President Christine Lagarde's comments at a news conference after the policy meeting. ... The European Central Bank cut interest rates for the fourth time this year ...
BUDAPEST (Reuters) -Central bank independence is being questioned in parts of the world and greater political influence over policy could undermined their ability to keep inflation down, European ...
On 2 July 2019, Christine Lagarde was nominated by the European Council to succeed Mario Draghi as President of the European Central Bank (ECB) on 1 November 2019. [47] On 17 September 2019, the European Parliament voted via secret ballot to recommend her to the position, with 394 in favour, 206 opposed, and 49 abstentions. [72]
The president heads the executive board, Governing Council and General Council of the ECB, and represents the bank abroad, for example at the G20. The officeholder is appointed by a qualified majority vote of the European Council , de facto by those who have adopted the euro, for an eight-year non-renewable term.
“If we cannot raise productivity, we risk having fewer resources for social spending,” European Central Bank President Christine Lagarde said in a speech in November delivered just weeks after ...
Wim Duisenberg, first President of the ECB. The European Central Bank is the de facto successor of the European Monetary Institute (EMI). [7] The EMI was established at the start of the second stage of the EU's Economic and Monetary Union (EMU) to handle the transitional issues of states adopting the euro and prepare for the creation of the ECB and European System of Central Banks (ESCB). [7]
Speaking in quick succession at a major financial conference in Frankfurt, ECB President Christine Lagarde, Bundesbank President Joachim Nagel and Dutch central bank Governor Klaas Knot all made ...