The quarter-point reduction comes as inflation in the eurozone cools, prompting the E.C.B. to move before the Federal Reserve in the United States, where rates remain high.
Tag: Lagarde, Christine
Ukraine Needs Money to Fight. Can Seized Russian Assets Help?
Kyiv’s supporters are discussing how to use the interest earned by frozen Russian assets to help pay for weapons and postwar reconstruction.
European Central Bank Signals Coming Rate Cut, Setting Up Split With Fed
The bank held rates for the fifth consecutive time, but said confidence was growing that inflation would return to its target and it could ease its stance soon.
Inflation in Eurozone Slows as Energy Prices Ease, but Officials Remain Wary
Consumer prices rose at an annual rate of 10 percent in November, down from 10.6 percent a month earlier, the first moderation in 18 months.
The world’s top central bankers see supply chain problems prolonging inflation.
The heads of the Federal Reserve, European Central Bank, Bank of England and Bank of Japan spoke on a joint panel Wednesday.
Europe’s Economic Revival Is Imperiled, Raising the Specter of a Grinding Downturn
As the coronavirus regains force, economists fear that Europe’s tentative recovery is at risk from traditional political concerns.
To Take On Coronavirus, B.O.E. Cut Rates. Europe’s Central Bank Has Fewer Options.
Christine Lagarde, the bank’s new president, is facing her first big crisis. She doesn’t have much room to maneuver.
Christine Lagarde Faces a New Challenge in Europe
She’s run the I.M.F. She’s a lawyer. She’s not an economist. Does that matter as she prepares to lead the European Central Bank?
Global Recession Risks Are Up, and Central Banks Aren’t Ready
The world’s monetary authorities have limited policy space, and it’s unclear whether their backup plans will suffice to bolster growth and inflation.
Who Got the E.U.’s Top Jobs
A German supporter of a “United States of Europe,” a French power broker, a Belgian coalition-builder and a Spanish socialist will try to lead the European Union through complex times.