The Latest Breaking News from Christine Lagarde

Yellen and Powell were joined by other delegates, including ECB head Christine Lagarde.

Frankfurt (AFP) - The European Central Bank on Thursday stood still in the face of record inflation, keeping its stimulus plans and rates unchanged, as the war in Ukraine cast a pall over the eurozone economy.

European Central Bank President Christine Lagarde said on Thursday she has tested positive for COVID-19 but her symptoms are mild and she will continue to work.

Brussels (AFP) - Spiralling energy bills and disruptions caused by the war in Ukraine caused consumer prices in the eurozone to surge by a new record of 7.5 percent, EU statistics agency Eurostat said Friday.

Talks of a looming stagflation in the European Union have intensified over the past month as the region suffers from what many describe as the worst conflict in the continent in decades, threatening skyrocketing inflation, supply shortages, job losses and famine. Worst economic shock since WWII

Bitcoin, Ethereum and Dogecoin traded flat on Wednesday evening as the global cryptocurrency market cap fell 0.5% to $2.15 trillion.

Instability and inflation continue to weigh on global markets, with the Australian market finally coming down off a winning streak to follow sentiment down.

Nicosia (AFP) - European Central Bank president Christine Lagarde warned Wednesday that a prolonged Ukraine conflict will keep energy prices and the cost of living spiralling, blighting a post-Covid recovery.

The European Central Bank's president says no data currently suggests that Europe will fall into stagflation, which is a combination of high inflation, little or no economic growth and high unemployment