European Central Bank

Christine Lagarde intends to complete her term at ECB, she tells WSJ 

The chief reassures policymakers she is still focusing on leading Europe’s most important financial institution

Christine Lagarde’s non-renewable term at the ECB runs until Oct 31, 2027.

ECB President Christine Lagarde expected to leave bank before term expires next year: report

The FT report comes only a week after Bank of France governor Francois Villeroy de Galhau said that he would step down in June this year

For now, Lagarde is likely to repeat that the ECB has no exchange rate target and that the euro’s strength is merely one factor that impacts inflation.

Choppy markets threaten ECB’s ‘good place’ but rates still firmly on hold

The euro zone’s central bank has been on hold since ending a year-long run of rate cuts in June

While ECB officials concluded in December that pass-through of rate cuts remained smooth, they called for close monitoring amid worries about a sudden financial market correction.

Eurozone banks unexpectedly tighten firms’ credit standards

Concerns about the outlook for companies and the broader economy, as well as banks’ lower risk tolerance, have contributed to the move, the ECB says

Federal Reserve chair Jerome Powell is at the centre of a US administration’s criminal probe about the renovation of the Fed’s headquarters.

Global central bankers defend Fed’s Powell after Trump threat

Central bankers fear that political influence over the Fed would erode trust in the bank’s commitment to its inflation target

ECB's Francois Villeroy de Galhau said that a more multi-polar international monetary system could also be a “more stable one.”

Attacks on Fed independence undermine US dollar: ECB’s Villeroy

He says fears of the US weaponising dollar-based payments are driving some to build alternatives

The European Central Bank (ECB) is set to present higher growth forecasts that may cement the tentative rate hold officials have enforced since May.

Rich world’s rate-cut momentum is fading away

Central bankers are stepping back to assess how their progress so far is impacting growth and inflation

Isabel Schnabel is one of the two women on the ECB's governing council, with Christine Lagarde.

ECB’s Schnabel says she’d be ‘ready’ to succeed Lagarde if asked

While the German’s term is non-renewable, ECB lawyers believe it is an obstacle surmountable via a loophole found in 2018

Turning to the economy, Lagarde says that euro-area expansion has been more resilient than anticipated, even with the world in a phase of transformation.

ECB’s Lagarde says interest rates are at correct level

Most officials have signalled they do not see a need to adjust borrowing costs when they meet in December

With inflation hovering around 2% and forecasts signalling an economic rebound will gain traction towards year-end, most are content to leave the deposit rate where it is.

Eurozone to get hard data on tariff damage as ECB sets rates

Analysts expect the bloc to maintain the minimal 0.1% expansion it managed in the three months to June