US Economy Christine Lagarde

  • WASHINGTON, Oct 18- The European Central Bank should cut its inflation target and must rethink its policy approach as negative interest rates could endanger the bloc's financial system, Austrian central bank Governor Robert Holzmann said on Friday. "In an environment of highly fixed inflation expectations, it becomes too expensive and difficult to reach the...

  • LONDON, Oct 18- Euro zone bond yields resumed their rise on Friday as the British parliament prepared to vote on Saturday for or against an agreement on the United Kingdom's departure from the European Union. EU leaders unanimously backed the new Brexit deal on Thursday, leaving UK Prime Minister Boris Johnson facing a battle to secure parliament's backing if...

  • The ECB cut rates deeper into negative territory last month and agreed to restart bond purchases, a divisive move that was opposed by more than a third of the rate-setting Governing Council, an unusually high level of dissent for a normally collegial body. Several Governing Council members, including the central bank chiefs of Germany, Austria and the...

  • NEW YORK, Oct 16- The European Central Bank will implement its September stimulus package in full and it is now time to turn the page after weeks of open disagreement about the measures, French central bank chief Francois Villeroy de Galhau said on Tuesday. The ECB cut rates deeper into negative territory last month and agreed to restart bond purchases, a divisive...

  • BRUSSELS, Oct 15- EU national leaders will meet in Brussels on Thursday and Friday to discuss some of the biggest issues facing the bloc, including the prospect of a member state leaving for the first time and two countries looking to join. While cliffhanger negotiations for Britain's Brexit deal should dominate the summit, the crisis in Turkey and Syria and the...

  • PARIS, Oct 11- ECB policymakers need to put their most recent meeting behind them and move on, ECB governing board member Francois Villeroy de Galhau told Reuters on Friday as divisions over a key decision linger. In an unprecedented division more than a third of ECB policymakers, including the central bank chiefs of both France and Germany, were against new bond...

  • FRANKFURT, Oct 10- The European Central Bank can buy just over one year's worth of German bonds under its new asset-purchase program and must bend its own rules to keep the scheme running longer, risking fresh internal and legal conflict, two sources familiar with the process said. That opened a rift in a normally collegial Governing Council-- conservative...

  • FRANKFURT, Oct 10- Fresh bond purchases and a multi-tier deposit rate generated the most opposition at the European Central Bank's September policy meeting, even as all rate-setters agreed on the need for more stimulus, the accounts of the meeting showed on Thursday. But over a third of policymakers- including the central bank chiefs of the bloc's biggest...

  • *Germany's Stark and Issing among signatories. FRANKFURT, Oct 4- Six former euro zone central bankers on Friday criticized the European Central Bank's ultra-easy monetary policy under the presidency of Mario Draghi, saying it has been unsuccessful and probably aimed at bankrolling indebted governments. In a two-page document, former ECB board members...

  • FRANKFURT, Sept 26- Sabine Lautenschlaeger's shock resignation from the European Central Bank illustrates the deep divisions that Christine Lagarde will have to heal when she takes over next month, with some policymakers in open revolt over a new stimulus package. Lautenschlaeger, Germany's appointee to the board of the ECB, said on Wednesday she would step...

  • LONDON, Sept 26- Euro zone bond yields held above two-week lows on Thursday on optimism over U.S.- China trade talks, while the resignation of Sabine Lautenschlaeger from the ECB's executive board turned focus to what the central bank will look like under its next chief. Lautenschlaeger, Germany's appointee to the board and a policy hawk, will resign from Oct. 31,...

  • WASHINGTON/ SOFIA, Sept 25- Bulgarian economist Kristalina Georgieva was confirmed on Wednesday as managing director of the International Monetary Fund, the first person from an emerging-market economy to head the world's crisis lender with its $1 trillion in resources. A center-right politician who grew up in Bulgaria under Communism, Georgieva built a...

  • NEW YORK/ SOFIA, Sept 25- Bulgarian economist Kristalina Georgieva is expected to be confirmed on Wednesday as managing director of the International Monetary Fund, which would make her the first person from an emerging economy to head the global lender. A center-right politician who grew up in Bulgaria under communism, Georgieva has built a reputation during...

  • PARIS, Sept 23- The European Central Bank's new bond purchase scheme is unnecessary, French central bank chief Francois Villeroy de Galhau said on Tuesday, joining a chorus of public criticism of the programme. A string of dismal data has been published since the Sept 12 meeting and Germany's Ifo Institute said on Tuesday that the bloc's biggest economy is...

  • BRUSSELS, Sept 19- European Union standards to define green investments are likely to face delays, because many of the bloc's governments want more time to assess them, EU officials said, a move that may undercut climate targets and limit sales of green assets. By setting clear standards on what is green, Brussels intends to widen the market in green bonds and...

  • BRUSSELS, Sept 19- European Union standards to define which investment is green are likely to face delays as many of the bloc's governments want more time to assess them, EU officials said, a move that may undercut climate targets and limit sales of green assets. By setting clear standards on what is green, Brussels intends to widen the market in green bonds and...

  • *Netherlands expected to loosen up budget. LONDON, Sept 17- Euro zone government bonds gave up some early gains on Tuesday as oil prices slipped off 3-1/ 2- month highs, although the weekend attacks on Saudi oil facilities underpinned a cautious mood in world markets ahead of this week's expected U.S. rate cut. Germany's 30- year yield was down 1 bps to 0.05%.

  • *Netherlands expected to loosen up budget. LONDON, Sept 17- Euro zone government debt yields edged lower on Tuesday as geopolitical uncertainty following the weekend attack on Saudi oil facilities underpinned a cautious tone in bond markets ahead of this week's expected U.S. rate cut. President Donald Trump said on Monday he did not want to go to war, and added...

  • LONDON, Sept 13- The euro rocketed to a 17- day high against the dollar on Friday as German government bond yields surged on the back of investors thinking the European Central Bank was done stimulating the ailing euro zone economy after cutting rates on Thursday. The central bank cut its deposit interest rate by 10 basis points to a record low of minus 0.5% and...

  • FRANKFURT, Sept 12- European Central Bank chief Mario Draghi pledged indefinite stimulus on Thursday to revive an ailing euro zone economy, tying the hands of his successor for years to come and sparking an immediate conflict with U.S. The bigger-than-expected stimulus will increase pressure on the U.S. Federal Reserve and Bank of Japan to ease policy next...