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Following are highlights of ECB President Christine Lagarde's comments at a news conference after the policy meeting. ... The European Central Bank cut interest rates on Thursday and kept the door ...
The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate – the rate through which we steer ...
The president of the European Central Bank, Christine Lagarde, nevertheless said in her last news conference that ECB officials are “data-dependent, not Fed-dependent.”
On 2 July 2019, Christine Lagarde was nominated by the European Council to succeed Mario Draghi as President of the European Central Bank (ECB) on 1 November 2019. [47] On 17 September 2019, the European Parliament voted via secret ballot to recommend her to the position, with 394 in favour, 206 opposed, and 49 abstentions.
The president heads the executive board, Governing Council and General Council of the ECB, and represents the bank abroad, for example at the G20. The officeholder is appointed by a qualified majority vote of the European Council , de facto by those who have adopted the euro, for an eight-year non-renewable term.
Wim Duisenberg, first President of the ECB. The European Central Bank is the de facto successor of the European Monetary Institute (EMI). [7] The EMI was established at the start of the second stage of the EU's Economic and Monetary Union (EMU) to handle the transitional issues of states adopting the euro and prepare for the creation of the ECB and European System of Central Banks (ESCB). [7]
BUDAPEST (Reuters) -Central bank independence is being questioned in parts of the world and greater political influence over policy could undermined their ability to keep inflation down, European ...
The following is a list of past and present members of the Executive Board of the European Central Bank. A member serves for a non renewable term of eight year. Since the ECB was established in 1998, the following people have served as Executive Board members: [2] Status