Christine Lagarde

Lagarde also defended a system that was built "by the powerful and the powerless alike" after last century's wars, while stressing it may need reforms, citing the World Trade Organisation

Recipients of the message said this indicated that Lagarde did not want to leave the ECB immediately but she did not firmly close the door to such a step either

Topics scheduled for discussion include protecting scientific freedom, the future of the internet, mental health, and geopolitical risk outlook for 2026, among others

The second last day of the annual summit will start with a conversation with Gavin Newsom, the Governor of California

Lagarde said that Europe has become more vulnerable due to its dependency on third countries for its security and the supply of critical raw materials

Christine Lagarde says foreign workers drove half of euro-area growth, even as EU and UK roll out tougher immigration rules

The head of the European Central Bank said inflation has become more unpredictable due to shocks like the COVID-19 pandemic and Russia's invasion of Ukraine and that policymakers need to take the possibility of such extreme scenarios into account and communicate them to the public as well. The world ahead is more uncertain, and that uncertainty is likely to make inflation more volatile, European Central Bank (ECB) President Christine Lagarde said Monday in a speech opening the central bank's annual conference in Sintra, Portugal. It's pretty basic but that's the reality. One reason, she said, was that increasingly regular supply disruptions were leading companies to change their prices more frequently, a habit that goes beyond the recent burst of inflation in the US and Europe and reflects a structural shift in how firms operate under conditions of permanently higher uncertainty. The bank's assessment of the economy needs to rely on taking extreme possible scenarios into account as

Inflation in the 20 countries that use the euro fell to 1.9% in May from 2.2% in April, clearing the way for more rate cuts from the European Central Bank to support growth in the face of US President Donald Trump's tariff offensive. Lower energy prices helped bring consumer prices in May to below the ECB's 2% target for the first time since September. Increasing signs that inflation is back under control after a painful outbreak in 2021-23 leaves room for the ECB to turn its attention to worries about the impact of a slew of new import taxes on EU goods in the US that threaten to slow Europe's export-oriented economy. Reductions in the ECB's benchmark rate, currently at 2.25%, lower borrowing costs throughout the economy, making it easier to buy things on credit and stimulating economic activity and investment. Higher rates combat inflation, but for the moment that battle appears to have been won. The ECB's rate-setting council meets on Thursday under bank President Christine Lagar

The finance ministers and central bank governors focused instead on a collective call to address "excessive imbalances" in the global economy, an effort clearly aimed at China, though they didn't name

The monetary chief told reporters in Frankfurt on Thursday that a huge increase military spending is likely to boost the economy

Easing for the sixth time since June, the ECB lowered its deposit rate to 2.5 per cent in a nod to slowing inflation and faltering growth

Speaking on Wednesday at an event hosted by the Atlantic Council in Washington, she described how policymakers have seen consumer-price growth weaken from a peak above 10%

Speaking on Wednesday at an event hosted by the Atlantic Council in Washington, she described how policymakers have seen consumer-price growth weaken from a peak above 10%

A 41 per cent plurality of economists expect the US Fed to signal two cuts in the closely watched dot plot, while an equal number expect the forecasts to show just one or no cuts at all

Their concerns highlight the contradictions of the euro zone's architecture compared with jurisdictions with only one national government, such as Britain and the United States

Euro zone inflation fell in February to 2.6%, but underlying price growth remained stubbornly high, with prices for food, alcohol and tobacco up 4.0% year-on-year and for services 3.9% higher.

Polls show November elections in the US shaping up to be a rematch between Trump and President Joe Biden, who defeated him in a bitterly fought 2020 contest

European Central Bank chief Christine Lagarde on Friday said that recovery prospects for global economy remain fragile amid continued uncertainty, fuelled by Russia's unjustified war against Ukraine

Policymakers cautioned that hopes for a quick cooling in inflation pressures next year may prove premature

Lagarde said that the "risk of a recession" has increased, but that a downturn on its own won't be sufficient to tame soaring prices