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The Latest Breaking News from Christine Lagarde

Bank turmoil casts shadow over Europe interest rate decision

Concerns about the world's banks are casting a shadow over the European Central Bank's meeting

The Independent UK

Are interest rates really going to keep rising sharply?

For anyone trying to understand where interest rates and inflation are heading, it has been a strenuous few days. Jay Powell, chairman of US central bank the Federal Reserve, warned senators he may have to do more to fight inflation than expected, indicating the prospect of interest rates rising more…

The Conversation

A Coinbase exec tried to tell a crowd of bankers that crypto is ‘the money of tomorrow’—and was immediately shot down by an ECB director onstage

Using the example of Bitcoin, he told audiences digital currency meets all of his benchmarks.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Childcare costs drive UK women out of workforce

The cost of childcare in the UK is among the highest in the world, and is driving many women to leave the workforce. Access to affordable childcare is a crucial element in addressing gender inequality. On International Women's Day, we also look at efforts to promote female entrepreneurs in the…

France 24

'Inflation is a monster that we need to knock on the head': The chief of the European Central Bank says it must do more to bring down prices

“We will do whatever is needed to return inflation to 2%,” ECB President Christine Lagarde told the Spanish newspaper El Correo in a Sunday interview, referencing the central bank’s inflation target.

Fortune

Inflation in the Eurozone: is it persisting or falling?

In 2022, the annual inflation rate hit a record level (8.4%) since the Eurozone’s creation in 1999, mostly because of disruptions in the global supply chain and by the energy crisis provoked by the conflict in Ukraine.

The Conversation

European Central Bank set to outdo Fed with half-point hike

The European Central Bank is set to go big again, with another half-point interest rate increase

The Independent UK

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Ukraine, climate, economy: Takeaways from glitzy Davos event

Power brokers have wrapped up the World Economic Forum’s annual conclave in the Swiss town of Davos as worries about the war in Ukraine, a warming planet and a cooling global economy dominated discussions about the world’s ills

The Independent UK

Davos 2023: the gossip, the parties and the Zelenskys

As the annual meeting of the World Economic Forum comes to a close, Anne McElvoy shares a behind-the-scenes look at the most in-demand party guests, and what everyone’s really talking about

Evening Standard

IMF chief says global economic outlook ‘less bad’ than feared

Kristalina Georgieva hints growth forecast could be upgraded thanks to retreating inflation, but warns against overoptimism

The Guardian - UK

Steal Their Style: 10 women over 55 offer their top tips and fashion advice to younger shoppers

One 74-year-old said: “I don’t dress my age and I never will.”

Manchester Evening News

European Central Bank expected to slow pace of rate hikes

The European Central Bank could slow its record pace of interest rate increases

The Independent UK

Why we need more Lehman Sisters: the significant benefits of female leadership

Establishing gender equality is one of the founding values of the European Union, yet women are still underrepresented in decision-making positions in Europe. According to the European Institute of Gender Equality (EIGE), women represent just 32.3% of presidents, board members and employee representatives, and 21.5% of CEOs, executives and non-executives…

The Conversation

Europe's inflation likely hasn't peaked, ECB's Lagarde says

The head of the European Central Bank says she doesn't believe inflation has peaked after reaching the highest levels on record

The Independent UK

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The Independent UK

Lagarde warns ECB may do more than withdraw stimulus

The president of the European Central Bank is warning the bank may have to raise interest rates beyond merely withdrawing stimulus and into territory that could restrain growth

The Independent UK

European Central Bank leader doubles down on rate increases

The head of the European Central Bank underlined the bank’s determination to fight rampant inflation with more interest rate increases on top of recent record hikes

The Guardian - UK

European Central Bank hikes interest rates, fuelling recession fears

ECB chief Christine Lagarde notes concerns but warns of further hikes to tackle soaring eurozone inflation

Bangkok Post

ECB warns of 'looming recession'

FRANKFURT: The European Central Bank announced another jumbo interest rate hike on Thursday and said further increases would follow to combat soaring inflation, even as its president, Christine Lagarde, warned a eurozone recession was looming.

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news in one place.

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Radio France Internationale

Eurozone rocked by record inflation as prices soar 10 percent

Eurozone consumer prices skyrocketed by a record 10 percent in September, according to official data released on Friday. Inflation has reached double digits on the back of soaring energy prices caused by Russia's war on Ukraine.

The Independent UK

Fed's Powell urges broader regulation for stablecoins

Federal Reserve Chair Jerome Powell said that stablecoins will need greater regulation as they become more widely used by consumers

The Guardian - UK

Central bankers talk tough, but they can’t fight inflation like this

Raising rates has no effect when the things that are rising in price the fastest, such as fuel and food, are essential purchases

Bangkok Post

ECB delivers record-setting rate hike

FRANKFURT: The European Central Bank (ECB) announced the largest interest rate increase in its history on Thursday and said there were more to come as it scrambles to pull inflation down from record heights.

Evening Standard

ECB makes biggest rate hike in eurozone history lifting rates by 0.75%

European Central Bank intensifies its fight against inflation but euro falls under parity with the dollar

Manchester Evening News

Steal Their Style: We spotted the most stylish shoppers this week sporting outfits from M&S, Primark and Topshop - and one was only £25

Fashion-enthusiast Bethan Shufflebotham took to Deansgate, Market Street and the Northern Quarter to scout out the best-dressed shoppers and picked up insighful style advice along the way

The Independent UK

Yellen downplays US recession as wave of economic data looms

Treasury Secretary Janet Yellen says the U.S. economy is slowing but pointed to healthy hiring as proof that it is not yet in recession

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