Christine Lagarde

Speaking on Wednesday at an event hosted by the Atlantic Council in Washington, she described how policymakers have seen consumer-price growth weaken from a peak above 10%

Speaking on Wednesday at an event hosted by the Atlantic Council in Washington, she described how policymakers have seen consumer-price growth weaken from a peak above 10%

A 41 per cent plurality of economists expect the US Fed to signal two cuts in the closely watched dot plot, while an equal number expect the forecasts to show just one or no cuts at all

Their concerns highlight the contradictions of the euro zone's architecture compared with jurisdictions with only one national government, such as Britain and the United States

Euro zone inflation fell in February to 2.6%, but underlying price growth remained stubbornly high, with prices for food, alcohol and tobacco up 4.0% year-on-year and for services 3.9% higher.

Polls show November elections in the US shaping up to be a rematch between Trump and President Joe Biden, who defeated him in a bitterly fought 2020 contest

European Central Bank chief Christine Lagarde on Friday said that recovery prospects for global economy remain fragile amid continued uncertainty, fuelled by Russia's unjustified war against Ukraine

Policymakers cautioned that hopes for a quick cooling in inflation pressures next year may prove premature

Lagarde said that the "risk of a recession" has increased, but that a downturn on its own won't be sufficient to tame soaring prices

European Central Bank President Christine Lagarde warned on Friday that the bank may have to raise interest rates beyond merely withdrawing stimulus and into territory that could restrain growth as the bank fights to control record inflation in the 19 countries that use the euro. We expect to raise rates further, and withdrawing accommodation may not be enough," Lagarde said in a speech at a banking forum in Frankfurt, Germany. She said the bank intended to bring inflation down in a timely manner and that how far we need to go, and how fast, will be determined by the inflation outlook. The ECB has raised rates at the fastest pace in its history to combat inflation that hit 10.7 per cent in the eurozone in October, the highest since statistics started being kept in 1997 and far above the bank's goal of 2 per cent. Inflation has been fed by high natural gas prices caused by Russia's cutbacks in gas supply during the war in Ukraine and by bottlenecks in supplies of parts and raw ...

That outlook is getting murkier by the day because inflation is still accelerating and growth slowing sharply

Oil prices are up 10% in barely a week on supply constraint concerns with Brent crude holding above $117, pushing the Canadian dollar and the Australian dollar up 0.3% and 0.4% respectively

The ECB is widely expected to follow its global peers by raising interest rates in July to try to check soaring inflation though economists are divided on the magnitude of any rate hike.

With new inflation figures due out Friday, Lagarde said the bank is using the dual approach to be able to respond to economic uncertainty.

Oil prices are up 10% in barely a week on supply constraint concerns with Brent crude holding near $117 levels pushing Canadian and Australian dollar up 0.3% and 0.4% respectively versus the greenback

The bank is making a sharp turn from supporting the economy during the COVID-19 pandemic to squelching inflation that has hit record levels in the 19 countries that use the euro.

The European Central Bank confirms its intention to hike interest rates at its policy meeting next month and downgraded its growth forecasts

A decidedly hawkish pivot could help convince bears that policy makers are determined to tighten financial conditions despite the headwinds

World Economic Forum (WEF) 2022: ECB President Christine Lagarde said the Ukraine war has revealed how powerful Europe is collectively

Against a basket of its rivals, the dollar fell 0.3% to 101.79, its lowest level since April 26