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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 Stocks Rally As ECB Throws In Towel On Rate Hikes
Thursday, September 14, 2023 - 12:50pm | 810European stocks embarked on a vigorous rally following the European Central Bank’s (ECB) latest interest-rate announcement on Thursday. The ECB took a significant step by raising interest rates for the tenth consecutive time, pushing the main refinancing operations rate to a 22-year high of 4...
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ECB Hikes Interest Rates To Highest In 22 Years: Lagarde's Dovish Tone Propels European Stocks To Levels Unseen Since 2007
Thursday, July 27, 2023 - 10:28am | 749The European Central Bank hiked its key interest rates by 25 basis points on Thursday, in a unanimous decision, delivering the ninth consecutive rate hike over the past year, a day after the Federal Reserve also hiked borrowing costs. The ECB deposit rate – the interest rate that the central bank...
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Powell Leads Global Central Bankers' Consensus On Inflation: More Rate Hikes Needed
Wednesday, June 28, 2023 - 11:19am | 848The four major global central bankers — Fed Chair Jerome Powell, European Central Bank Governor Christine Lagarde, Bank of England Governor Andrew Bailey, and Bank of Japan Governor Kazuo Ueda – convened in Sintra, Portugal, for the ECB Forum on Wednesday. While the BoJ’s Ueda stuck to his...
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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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Fintech Focus For January 27, 2021
Tuesday, January 26, 2021 - 8:57pm | 2806Quote To Start The Day: October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February. Source: Mark Twain One Big Thing In Fintech: Greenwood Financial, a new challenger bank...