The Surprise Is Postponed: Europe Is Stronger than Many Thought. Lagarde Seals Pre-Christmas Move
3 Articles
3 Articles
The recent appearance of Christine Lagarde following the meeting of the Governing Council of the European Central Bank has left a clear reading: the institution feels comfortable in its current position, but maintains extreme vigilance in the face of a volatile global environment. With interest rates stable at 2% for the fourth consecutive occasion, the ... Read more
The ECB decided this Friday to maintain the reference interest rates, i.e. a cycle of declines. The President of the European Central Bank, Christine Lagarde, presented the conclusions of the meeting or at the press conference.
While a year ago the main deposit rate of the European Central Bank was three percent, today it is only two percent. Christine Lagarde, the president of the Frankfurt-based institution, has cut it four times this year, each by a quarter of a percentage point. The last time in June. And the last meeting of the Governing Council of the ECB today and this year has not changed that either. The heads of the central banks of the euro area countries le…
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