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Christine Lagarde

Euro regains poise as data points to stronger recovery
Markets

Euro regains poise as data points to stronger recovery

  • The euro gained 0.3% to $1.2055 while the dollar index, measured against a basket of currencies, was down 0.2% .
  • Real yields in the US remain deeply negative on a 10-year basis and reflect some of this uncertainty that will continue to limit the upside for the US dollar.
Published 23 Apr, 2021 05:32pm
ECB keeps cheap money tap open
World

ECB keeps cheap money tap open

FRANKFURT: Christine Lagarde on Thursday underlined the European Central Bank’s commitment to cheap money as the...
Updated 23 Apr, 2021 10:04am
Pandemic upsurge hits Europe recovery hopes
World

Pandemic upsurge hits Europe recovery hopes

  • Credit insurer Euler Hermes estimates that the EU is now seven weeks adrift of its target to have 70 percent of the population vaccinated by the end of the summer, compared with five weeks in February.
Updated 28 Mar, 2021 05:32pm
ECB's Lagarde warns of uncertainty about speed of vaccination
World

ECB's Lagarde warns of uncertainty about speed of vaccination

  • "The near-term economic outlook is subject to uncertainty, relating in particular to the dynamics of the pandemic and the speed of vaccination campaigns," Lagarde said in a blog post on the ECB's website.
  • We therefore stand ready to adjust all of our instruments, as appropriate, to ensure that inflation moves towards our aim in a sustained manner, in line with our commitment to symmetry.
Published 22 Mar, 2021 09:22pm
German yields rise with US treasuries as ECB impact fades
Markets

German yields rise with US treasuries as ECB impact fades

  • Ten-year US Treasury yields rose to over 1.63%, their highest level since February 2020 and their German equivalents, the benchmark for the region, rose as high as -0.293%.
  • Italian 10-year yields, which outperformed the market on Thursday as the country is among the top beneficiaries of ECB bond buying, were up 5 basis points at 0.63%.
Published 12 Mar, 2021 09:36pm
European government bond yields ignore Lagarde's verbal intervention; focus on Fed
Markets

European government bond yields ignore Lagarde's verbal intervention; focus on Fed

  • ECB President Christine Lagarde said on Monday the central bank was "closely monitoring" rising borrowing costs - a comment that knocked Germany's 10-year Bund yield off its eight-month high.
  • The ECB's strategy "is not to burn too much cash trying to lean against the wind - rather to intervene verbally", he said, citing lower levels of ECB bond-buying last week.
Published 23 Feb, 2021 09:11pm
ECB getting uncomfortable with rise in yields
Business & Finance

ECB getting uncomfortable with rise in yields

  • Risk-free overnight indexed swap rates and sovereign yields are particularly important, because they are good early indicators of what happens at downstream stages of monetary policy transmission.
  • "Accordingly, the ECB is closely monitoring the evolution of longer-term nominal bond yields," she said.
Published 22 Feb, 2021 09:30pm
Europe will need fiscal help into 2022: Lagarde
World

Europe will need fiscal help into 2022: Lagarde

  • Lagarde also called on European Union leaders to kick start the bloc's 750 billion euro Next Generation EU spending package as some economic restrictions could remain in place until the second half of the year.
Updated 11 Feb, 2021 12:30am