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'Bitcoin Will Not Be Considered For Central Bank Reserves,' ECB President Christine Lagarde Says
Thursday, January 30, 2025 - 12:30pm | 457The European Central Bank (ECB) has no intention of adding Bitcoin (CRYPTO: BTC) to its reserves, according to ECB President Christine Lagarde. Speaking after the central bank's latest interest rate adjustment, Lagarde dismissed the idea, stating that Bitcoin does not align with the ECB's standards...
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ECB Cuts Interest Rates By 25 Basis Points As Economy Cools, Lagarde Rejects Bitcoin As Reserve Asset
Thursday, January 30, 2025 - 11:14am | 635The European Central Bank lowered its key interest rates by 25 basis points on Thursday, bringing the deposit facility rate to 2.75%, as the disinflation process remains “well on track” while the economy showed an unexpected stagnation during the last quarter of the year. With the ECB'...
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European Central Bank Holds Interest Rates Unchanged, Keeps Markets Guessing On September Rate Cut
Thursday, July 18, 2024 - 9:18am | 472The European Central Bank (ECB) kept its key interest rates unchanged at its July meeting, aligning with market expectations. The Governing Council did not provide specific guidance on future policy, stating they were “not pre-committing to a particular rate path,” slightly chilling...
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Fed Chair Powell Warns Of 'Unsustainable' US Debt Path, Downplays Risks Of Possible Trump Attacks On Central Bank Independence
Tuesday, July 2, 2024 - 11:52am | 1055At the ECB Forum on Central Banking, Federal Reserve Chair Jerome Powell emphasized a careful approach Tuesday to potential interest rate cuts and stressed the critical issue of the United States’ unsustainable debt path. Speaking on a panel with ECB President Christine Lagarde and Central...
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US Stock Futures Tread Water As Indices Perch At Record Highs: Amid Nvidia Spike And ECB Rate-Cut Hopes, Analyst Sees More Volatility In Summer
Thursday, June 6, 2024 - 7:24am | 1360Early indications from the futures market suggest caution after Wednesday’s exhilarating run. Earnings news continues to be positive, reinforcing the strength in corporate profit growth. The rate-cut premise based on which the market has been rallying could be put to the test with a couple of...
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European Central Bank Lowers Inflation Outlook But Holds Interest Rates: 2 Stocks, 2 ETFs To Watch
Thursday, March 7, 2024 - 1:44pm | 666The European Central Bank (ECB) on Thursday held interest rates at 4%, signalling no policy action for the fourth-consecutive month and following in the Federal Reserve’s cautious footsteps. Like the Fed, there was no major shift towards dovishness in the following press conference, where ECB...
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EU Gearing Up With 'Contingency Plans' To 'Jump Over Potential Risk Of Trump Returning To White House,' Says Diplomat
Thursday, March 7, 2024 - 3:42am | 595In light of the possibility of former President Donald Trump winning the 2024 election race, the European Union is already making “contingency plans,” according to a top expert, to “jump over potential risk of Trump returning to White House.” What Happened: Célia Belin, who...
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ECB's Lagarde Rejects Recession Label For Europe, Recalls Yellen's 'Forget It' Remark
Thursday, January 25, 2024 - 5:58pm | 680The President of the European Central Bank (ECB) Christine Lagarde has expressed skepticism regarding the idea that two consecutive quarters of negative growth could signify the onset of a recession for the European economy, challenging the conventional economic definition. Addressing questions...
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European Central Bank President Christine Lagarde Reacts Casually When Asked About Trump's Potential Return To White House: 'Let Me Have Some Coffee'
Thursday, January 18, 2024 - 4:59am | 575Christine Lagarde, the President of the European Central Bank (ECB), has raised concerns about the potential re-election of Donald Trump as the U.S. President, underscoring the need for a prepared political scenario. What Happened: Lagarde’s remarks came during an interaction at Bloomberg...
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ECB President Lagarde Defies Powell's Dovish Stance: 'We Should Absolutely Not Lower Our Guard'
Thursday, December 14, 2023 - 12:46pm | 620Investors hoping for European Central Bank (ECB) President Christine Lagarde to signal a path towards interest rate cuts in 2024, in line with Federal Reserve Chair Jerome Powell‘s previous day remarks, found themselves recalibrating these expectations following her hawkish press conference...
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ECB President Lagarde's Son Defies Her Anti-Crypto Stance: 'He Ignored Me … Lost Almost All The Money'
Monday, November 27, 2023 - 4:12pm | 595One of the most important names in the world of finance is European Central Bank President Christine Lagarde. The words of Lagarde are often used to get a read on the overall financial health of nations in Europe and can serve as guidance for worldwide financial recommendations. Although Lagarde is...
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After Fed's Jerome Powell, G7 Central Bank Chief Fires A 'Higher For Longer' Rate Warning: 'Inflation Fight Isn't Won Yet'
Sunday, August 27, 2023 - 11:52am | 394On Friday, European Central Bank President Christine Lagarde said at the Jackson Hole Summit that interest rates in the European Union will have to stay high as long as necessary. What Happened: “While progress is being made, the inflation fight is not yet won,” Lagarde said, AP...
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Federal Reserve Gears Up For Another Rate Hike In Crucial Week For Central Banks
Sunday, July 23, 2023 - 11:02am | 472Federal Reserve policymakers are expected to raise rates again on Wednesday to the highest level seen in 22 years. What Happened: The Federal Reserve and the European Central Bank are expected to raise interest rates by 25 basis points. However, the key focus will be whether policymakers...
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ECB Hikes 0.25%, Pushing Rates To 22-Year Highs: Lagarde Says 'We Have More Ground To Cover'
Thursday, June 15, 2023 - 10:06am | 692In an effort to combat elevated inflationary pressures, the European Central Bank (ECB) announced a 0.25% increase in its key interest rates, bringing the cost of borrowing to the highest levels in over two decades. ECB Governor Christine Lagarde said that inflation is projected to remain too high...
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ECB Hikes Interest Rates To 2008 Levels As Inflation Remains 'Too High'
Thursday, May 4, 2023 - 8:27am | 498The European Central Bank raised its key interest rates by 0.25% Thursday, as broadly expected by the market, increasing the marginal lending facility rate to 3.75%, the highest since the end of 2008. The ECB policy decision comes a day after the Federal Reserve also raised...