US EditionChristine Lagarde Signals ECB Rate-Cutting ‘Nearly Concluded’
- Christine Lagarde held a press conference on Thursday in Frankfurt to present the ECB Governing Council's latest policy decision.
- The core event followed inflation slowing to 1.9 percent in May, the first time below the 2 percent target in eight months.
- Lagarde unveiled new consumer price forecasts likely confirming inflation returning to target in the medium term amid expectations of an eighth rate cut.
- ECB economic adviser Joe Nellis stated they have ‘put the inflation issue to bed’ and set foundations for economic growth this year.
- This development implies the ECB is nearing the end of its rate-hiking cycle and could signal a shift toward stable monetary policy.
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Christine Lagarde's ECB Commitment Amidst WEF Leadership Talks
Christine Lagarde intends to complete her term as European Central Bank president despite discussions about her leading the World Economic Forum. Lagarde has been considered for the WEF role following meetings with former WEF President Klaus Schwab. The ECB confirmed her commitment to fulfilling her mandate.
·India
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The President of the ECB made it clear that the mandate of the ECB, which ended in 2027, would be completed by removing noise on an advance exit to lead the World Economic Forum.
·Portugal
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Coverage Details
Total News Sources19
Leaning Left3Leaning Right2Center2Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 29%
R 29%
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