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The European Central Bank cut interest rates on Thursday and kept the door open to further policy easing as concerns over lacklustre economic growth supersede worries about persistent inflation.
The European Central Bank has cut rates by a quarter percentage point amid signs of weakening growth and concern about the impact of political chaos in France and the possibility of new U.S ...
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.”
Christine Madeleine Odette Lagarde (French: [kʁistin madlɛn ɔdɛt laɡaʁd]; née Lallouette, IPA:; born 1 January 1956) is a French politician and lawyer who has been the President of the European Central Bank since 2019.
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.
The President is appointed by majority in the European Council, de facto by those who have adopted the euro, for an eight-year non-renewable term. The primary objective of the European Central Bank, as mandated in Article 2 of the Statute of the ECB, [5] is to maintain price stability within the Eurozone. Current holder Christine Lagarde ...
Europe should prepare for possible threats to its economy — including new US tariffs on its exports — if Donald Trump returns to the White House, according to European Central Bank President ...
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]