European Central Bank President Christine Lagarde speaks on a panel at the World Economic Forum in Davos, Switzerland.
The European Central Bank cut interest rates on Thursday and kept the door open to further policy easing as concerns over lacklustre economic growth supersede worries about persistent inflation. Following are highlights of ECB President Christine Lagarde's comments at a news conference after the policy meeting.
Following is the text of European Central Bank President Christine Lagarde's statement after the bank's policy meeting on Thursday:
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Speaking at the World Economic Forum in Davos, the ECB president said Europe "must act on the offensive and not just on the defensive, this is a wake-up call. "Strong confidence that inflation will fa
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Christine Lagarde said Europe needed to get better at keeping its talent and savings at home, adding that the new US administration’s decision to freeze some funding for former president Joe Biden’s Inflation Reduction Act might remove one of the incentives to invest in the US.
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