The Latest Breaking News from Christine Lagarde

The FTSE 100 index closed up 76.88 points, 0.9%, at 9,138.37, a new closing peak.

The European Central Bank kept rates unchanged as inflation hit its 2% target. Lagarde urged patience, citing global risks and reaffirming a data-driven approach.

Eurozone price pressures rose in line with expectations in June, reaching the ECB’s 2% target. ECB President Christine Lagarde struck a cautious tone in her opening remarks at the central bank’s annual symposium in Sintra.

The head of the European Central Bank said inflation has become more unpredictable due to shocks like the COVID-19 pandemic and Russia’s invasion of Ukraine - and that policymakers need to take the possibility of such extreme scenarios into account and communicate them to the public as well

The FTSE 100 index closed up 9.75 points, 0.1%, at 8,811.04.

“You’re not about to see the back of me,” insists Lagarde, sporting a necklace reading ‘in charge’, following claims she discussed leaving ECB early to run World Economic Forum

Inflation in the 20 countries that use the euro fell to 1.9% in May from 2.2% in April, helping clear the way for more interest rate cuts from the European Central Bank

Months of erratic policies have dampened the U.S. dollar’s status as a safe-haven currency—but it bodes well for the euro.

The European Central Bank has cut interest rates for the seventh time, signaling continued monetary easing amid U.S. tariffs and global economic shifts. Explore the ECB's strategy, inflation trends, and what it means for Europe's economic outlook.