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Christine Lagarde

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

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
European stocks rise
Markets

European stocks rise

MILAN/FRANKFURT: European stocks rose on Thursday on hopes of a large US stimulus plan under new President Joe ...
Published 22 Jan, 2021 04:47am
ECB's Lagarde calls for regulating Bitcoin's ‘funny business’
Markets

ECB's Lagarde calls for regulating Bitcoin's ‘funny business’

  • Bitcoin has come out of its niche in recent years and is now bought by ordinary people, investment funds and even large corporations.
  • (Bitcoin) is a highly speculative asset, which has conducted some funny business and some interesting and totally reprehensible money laundering activity,
Published 13 Jan, 2021 06:11pm
Has the ECB made the wealth gap wider?
Business & Finance

Has the ECB made the wealth gap wider?

  • When it buys debt from financial institutions on secondary markets, i.e. after the debt has already been issued, the ECB and other central banks effectively lower the rate of interest that countries and companies must offer to obtain funds.
Published 06 Dec, 2020 05:47pm