Christine Lagarde

The euro fell against the dollar as President Christine Lagarde said the central bank was keeping an open mind on its next rate call. The euro fell against the dollar as President Christine Lagarde said the central bank was keeping an open mind on its next rate call. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their…

Central bank president warned that recent economic shocks were still working their way through Europe’s economy. Central bank president warned that recent economic shocks were still working their way through Europe’s economy. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their…

Pranksters posing as Ukrainian President Volodymyr Zelensky duped Federal Reserve Chair Jerome Powell into speaking with them. Clips of the video conversation were posted online Thursday by a pair of Russian comedians who have done the same thing to other world leaders. A spokeswoman for the central bank confirmed that Mr. Powell spoke with someone in January who misrepresented himself as the Ukrainian president. Pranksters posing as Ukrainian President Volodymyr Zelensky duped Federal…

The European Central Bank said Bitcoin is being artificially propped up and should not be legitimised by regulators or financial companies as it is more akin to gambling. Bitcoin and other cryptocurrencies have been variously presented as an alternative form of money and a shield from the inflationary policies pursued by major central banks such as the ECB in recent years. But a 75 percent fall over the past year, just as inflation reared its head, and a string of scandals including the collapse of the FTX exchange this…

The global economy is once again under strain, but this time without the international cooperation that helped resolve previous post-Cold War crises. Instead, many of the world’s biggest powers are now intent on undermining one another, with unsettling economic implications.“There is a level of weaponizing the economy that we have not seen for, perhaps, decades,” said Adam Posen, president of the Peterson Institute for International Economics. “You’ve got G-20 economies actively trying to…

FRANKFURT—European Central Bank President Christine Lagarde faces a three-pronged challenge this week as she steers Europe’s currency union through an increasingly hostile landscape of surging prices, slowing economic growth and political turbulence.Ms. Lagarde is expected to unveil the ECB’s first interest-rate increase in more than a decade to combat eurozone inflation that is nearing 9%, following—with some delay—other central banks, including the Federal Reserve. At the same time, she…

FRANKFURT -Unidentified hackers attempted to trick European Central Bank President Christine Lagarde into letting them open a messaging app account in her name by posing as former German chancellor Angela Merkel, a German source said on Tuesday. The plot was quickly foiled without any information being compromised, an ECB spokesperson said. "We can confirm that there was an attempted cyber incident recently involving the president," the ECB spokesperson said. "It was identified and halted quickly. No information was…

SINTRA, Portugal—European Central Bank President Christine Lagardesaid the bank would raise interest rates gradually over the coming months, veering from a global push toward faster rate increases as inflation broadens and intensifies around the world.Speaking at the ECB’s annual economic policy conference in Portugal on Tuesday, Ms. Lagarde said Europe’s inflation problem was deepening, but warned that the region also faced weaker growth prospects related to the war in Ukraine. SINTRA, Portugal—European Central Bank…

Bitcoin could drop further and fall to $8,000 from its current levels, Guggenheim Chief Investment Officer Scott Minerd predicted Monday.That would represent a more than 70% drop to Monday morning's price of just over $30,000."When you break below 30,000 consistently, 8,000 is the ultimate bottom, so I think we have a lot more room to the downside, especially with the Fed being restrictive," Minerd told CNBC's Andrew Ross Sorkin in a "Squawk Box" interview at the World Economic Forum in Davos, Switzerland on…

The European Central Bank is exploring whether to issue its own digital alternative to cash.Olivier Matthys | AFP | Getty ImagesEuropean Central Bank President Christine Lagarde thinks cryptocurrencies aren't worth a dime."My very humble assessment is that it is worth nothing," Lagarde said of crypto in an interview with Dutch talk show "College Tour" that aired Sunday."It is based on nothing," she added. "There is no underlying asset to act as an anchor of safety."Lagarde called on global policymakers to put rules in…