Latest Christine Lagarde News

EU parliament endorses Lagarde as new central bank head

Sep. 17, 2019 6:41 AM EDT

FRANKFURT, Germany (AP) — The European Parliament has endorsed the nomination of Christine Lagarde to serve an eight-year term as the next president of the European Central Bank. The non-binding vote Tuesday in Strasburg, France, was 394 in favor and 206 against, with 49 abstentions. Lagarde, 63, was...

The Fed and ECB aim to avoid downturns but with limited ammo

Sep. 12, 2019 5:19 PM EDT

WASHINGTON (AP) — The Federal Reserve and the European Central Bank are struggling mightily to invigorate their economies at a time when growth is slowing, governments remain on the sidelines and the banks' usual stimulative tools appear less effective than in the past. On Thursday, the ECB delivered a...

Europe eyes stimulus plan, but ultra-low rates raise doubts

Sep. 11, 2019 2:15 PM EDT

FRANKFURT, Germany (AP) — The European Central Bank appears to be preparing a new shot of stimulus to try to energize the economy. But the move is sure to renew a nagging question: Can central banks do much good when rates are already ultra-low? Analysts say the bank is likely to cut a key interest rate...

World Bank official in line for top job at IMF

Sep. 9, 2019 1:59 PM EDT

WASHINGTON (AP) — A top World Bank official from Europe is in line to head the International Monetary Fund with the organization saying that there is only one person nominated for the job. Nominations are no longer being accepted, the IMF said Monday, and the group's executive board will conduct interviews...

Italy-EU honeymoon has just started, but needs to last

Sep. 6, 2019 12:46 PM EDT

ROME (AP) — Italy's new coalition government has been hailed as good news for Europe, as a more Brussels-friendly lineup replaces the populist coalition in which right-wing leader Matteo Salvini and his euro-skeptic League held considerable sway. But unless European countries lend a strong hand to Rome on...

Lagarde defends ECB's low rates as she prepares to take over

Sep. 4, 2019 1:02 PM EDT

FRANKFURT, Germany (AP) — Incoming European Central Bank head Christine Lagarde is defending the bank's record low rates and other stimulus measures as she prepares to take over with the economy facing trouble from trade wars and Brexit. During hearings in the European parliament Wednesday, Lagarde said...

The Latest: Lagarde aims to better explain ECB policies

Sep. 4, 2019 7:22 AM EDT

FRANKFURT, Germany (AP) — The Latest on the hearings on the nomination of Christine Lagarde as president of the European Central Bank (all times local): 12:25 p.m. Christine Lagarde, nominated to head the European Central Bank, says she will strive for clear communication so that ordinary people know why...

More eurozone stimulus expected after inflation revised down

Aug. 19, 2019 12:08 PM EDT

LONDON (AP) — Inflation across the 19-country eurozone was revised down for July, official figures showed Monday, bolstering expectations that the European Central Bank will provide another shot of stimulus to the single currency bloc next month. Eurostat said consumer prices across the eurozone were up 1%...

Europe pushes World Bank official Georgieva for top IMF job

Aug. 2, 2019 6:48 PM EDT

FRANKFURT, Germany (AP) — European governments have decided to put forward World Bank official Kristalina Georgieva from Bulgaria as their candidate to replace Christine Lagarde as head of the Washington-based International Monetary Fund. Georgieva prevailed in a vote Friday among EU governments over...

European Central Bank joins Fed in paving way for stimulus

Jul. 25, 2019 1:16 PM EDT

FRANKFURT, Germany (AP) — The European Central Bank joined the U.S Federal Reserve in making clear that more stimulus could be coming soon to support an economy weakening in the face of global trade tensions. The ECB's rate-setting board left its key interest benchmarks unchanged at a policy meeting...