Latest Christine Lagarde News

Europe's central banker: Not adding to pinch with rate hike

Nov. 19, 2021 09:08 AM EST

FRANKFURT, Germany (AP) — The head of the European Central Bank warned that high oil and gas prices are hitting consumers in the 19 countries that use the euro harder than in other major economies and underlined that the bank won't add to the squeeze by raising interest rates anytime soon....

European Central Bank keeps pandemic support going

Oct. 28, 2021 11:06 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank decided Thursday to keep its pandemic stimulus efforts unchanged even as consumer prices spike and central banks in other parts of the world look to dial back support as their economies bounce back from the worst of the COVID-19 outbreak....

German central bank chief to step down after 10 years

Oct. 20, 2021 08:29 AM EDT

BERLIN (AP) — The head of Germany's central bank announced Wednesday that he will step down after a decade at the helm, removing a key hawkish voice from the European Central Bank’s governing council. A statement from the Bundesbank said Jens Weidmann will leave...

IMF head pledges renewed efforts to protect data integrity

Oct. 13, 2021 17:26 PM EDT

WASHINGTON (AP) — The embattled head of the International Monetary Fund, who successfully fought to keep her job following a data-manipulation scandal, on Wednesday pledged renewed efforts to bolster data integrity while focusing on the main job of helping countries recover from a...

IMF board confident about leader despite data-rigging claims

Oct. 12, 2021 11:30 AM EDT

WASHINGTON (AP) — The International Monetary Fund expressed “full confidence” in its managing director Tuesday in response to allegations that while she was a World Bank official, she and others pressured staffers to change business rankings in an effort to placate China. ...

IMF chief facing data-rigging allegations defends actions

Oct. 07, 2021 18:17 PM EDT

WASHINGTON (AP) — The head of the International Monetary Fund said Thursday that a report alleging she had a role in data-rigging at the World Bank when she was a top official there was not an accurate representation of events. The statement came a day after IMF...

Recovery hampered as inflation hits new highs in US, Europe

Oct. 01, 2021 11:33 AM EDT

WASHINGTON (AP) — Inflation has reached new highs in the United States and Europe as rising energy prices and supply bottlenecks restrain an economic recovery from the pandemic in both economies. The U.S. Commerce Department reported Friday that prices rose 4.3% in...

Energy prices drive Europe inflation to highest since 2008

Oct. 01, 2021 09:19 AM EDT

FRANKFURT, Germany (AP) — Sharply higher oil and gas prices have pushed annual inflation in the 19 countries that use the euro to its highest in more than a decade in September. Economists and central bankers say the jump in inflation is temporary, but governments nonetheless are scrambling...

European Central Bank won't overreact to fleeting inflation

Sep. 28, 2021 12:22 PM EDT

FRANKFURT, Germany (AP) — Europe's current burst of inflation is temporary and won't lead the European Central Bank to “overreact” by withdrawing stimulus or raising interest rates, ECB President Christine Lagarde said Tuesday. “What we are seeing now is mostly a...

Asian shares rebound; Wall St headed for weekly decline

Sep. 09, 2021 22:54 PM EDT

Shares were higher in Asia on Friday as investors stepped up buying despite another decline on Wall Street that kept the S&P 500 and the Nasdaq on track for their first weekly losses in three weeks. Shares rose in Tokyo, Hong Kong and other major markets, bouncing...