About: Christine Lagarde
ECB will continue doing whatever is necessary to deliver on mandate, Lagarde says
European Central Bank chief Christine Lagarde has responded to a recent German court ruling that challenged the bank's authority by saying the ECB is an independent institution, accountable to the European Parliament, that will continue to do whatever it takes to deliver its mandate.
German court gives ultimatum to ECB on bond-buying programme
Germany’s central bank (Bundesbank) should suspend the implementation of the European Central Bank's critical bond-buying programme unless the ECB proves the proportionality of its monetary stimulus, aimed at shoring up the eurozone's economies, Germany's Constitutional Court ruled on Tuesday (5 May).
ECB ready to increase its coronavirus stimulus
The ECB is ready to increase its €750 billion bond-buying programme to cope with the fallout of the coronavirus pandemic, as the eurozone economy could fall by 12% this year, its president Christine Lagarde said on Thursday (30 April).
ECB eases bank funding rules in ‘unprecedented’ step
The European Central Bank on Tuesday (7 April) announced an "unprecedented" easing of collateral requirements in a bid to boost bank lending during the coronavirus crisis.
ECB unveils €750 billion stimulus against coronavirus
The European Central Bank unexpectedly announced just before midnight on Wednesday (18 March) that it would spend €750 billion in bond purchases to calm down sovereign debt markets, in the strongest signal in the euro area to date that it was ready to fight against the economic fallout of the coronavirus.
ECB approves more money, seeks strong fiscal stimulus versus coronavirus
The ECB decided on Thursday to inject more money into the real economy to combat the economic fallout of coronavirus. As markets continued to plunge, the bank's president Christine Lagarde stepped up pressure on member states to pass an “ambitious and collective” fiscal stimulus.
Parliament urges ECB to put climate at heart of strategy review
EU lawmakers have called on the European Central Bank (ECB) to put climate change at the centre of the bank’s review of its monetary policy strategy this year, endorsing the bank’s chief vision for “gradually eliminating” carbon assets. EURACTIV's media partner Climate Home News reports.
Why the ECB needs to look at helicopter money now
If Christine Lagarde is sincere in her conviction that the ECB’s strategic review should be open minded and “turn each and every stone”, she must persuade the Governing Council to open a discussion on helicopter money, argue Stanislas Jourdan and Eric Lonergan.
IMF warns of the risk of central banks’ ‘cheap money’
The monetary stimulus has been one of the main engines of growth over the past years, but continuing with the supply of 'cheap money' could hurt low-income countries, fuel risky investments and affect savers, warned the IMF on Friday (24 January).
ECB’s Lagarde warns of ‘danger of doing nothing’ on climate
ECB chief Christine Lagarde on Thursday (23 January) said the bank would study what role it could play in combatting climate change as part of a major policy review, warning of "the danger of doing nothing".
ECB’s Knot says low rate policy risks becoming counterproductive
Interest rates in the eurozone could remain historically low for years, but the European Central Bank's (ECB) ultra-loose monetary policy risks becoming counterproductive, ECB governing council member Klaas Knot said in an interview published on Monday (23 December).
ECB to embark on soul-searching process in 2020
The European Central Bank will next year review its tools and objectives in order to better fulfil its mandate of price stability, and it also intends to assess the appropriateness of issuing its own digital currency, in the face of growing concerns about Facebook’s Libra.
Inflation, climate, jargon: ECB launches major review
The European Central Bank's new president Christine Lagarde has announced that the Frankfurt-based institute will soon undertake a strategic review, its first since 2003.
ECB to review its mandate with ‘open mind’, Lagarde says
The European Central Bank (ECB) will embark on a strategic review of its mandate and instruments to achieve its inflation target of 2% with an “open mind”, its president Christine Lagarde said on Monday (2 December).
EU leaders mark a decade of Lisbon Treaty amid calls for reform
European Union leaders on Sunday (1 December) celebrated the 10th anniversary of the Lisbon Treaty, the union's legal cornerstone, amid calls to reform a bloc weakened over the past decade by economic and migration crises, rising euroscepticism and Brexit.
Draghi attempts to heal divided ECB in farewell speech
Departing ECB president Mario Draghi tried to restore unity among eurozone central bankers in his farewell speech on Monday (28 October) but he continued to defend his recent controversial monetary decisions.
Ciao, Mario: ECB’s Draghi hands baton to Lagarde
ECB chief Mario Draghi bows out Monday (28 October), passing the baton to former IMF head Christine Lagarde whose first task will be to heal rifts among policymakers.
Georgieva to be the first IMF chief from an emerging economy
Bulgarian economist Kristalina Georgieva is expected to be confirmed on Wednesday (25 September) as managing director of the International Monetary Fund, which would make her the first person from an emerging economy to head the global lender.
European Central Bank should ‘gradually eliminate’ carbon assets, Lagarde says
The European Central Bank should phase out climate-warming investments by preferring green bonds, Christine Lagarde said as she pitched to become the bank’s first female president. EURACTIV's media partner Climate Home News reports.
Lagarde pledges to continue with Draghi’s loose monetary stance
Christine Lagarde promised on Wednesday (4 September) to respond with “agility” to the looming financial and economic turbulences once she becomes the president of the European Central Bank in November, while confirming that the current loose monetary stance will continue for a “long period of time.”
Europe splits over IMF leadership
Divisions between the EU's geographical blocs are complicating the process of picking a European candidate to lead the International Monetary Fund (IMF), as the EU wants to agree on a nominee as soon as possible to retain the Fund’s chair.
Unconventional measures are seeing a comeback at the ECB
The ECB's key interest rate remains at zero and is expected to be at that rate at least until summer 2020. However, ECB chief Mario Draghi is suggesting that a decisive fiscal policy is far more important for the eurozone, especially for Germany and Italy. EURACTIV Germany reports.
Europe agrees to put forward one candidate for IMF chair
EU finance ministers unanimously decided on Tuesday (9 July) to present one single candidate to succeed Christine Lagarde as Managing Director of the International Monetary Fund.