Category: Lagarde
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Euro gains after ECB rate cut as Lagarde pushes back on October ease By Reuters
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By Gertrude Chavez-Dreyfus and Chibuike Oguh NEW YORK (Reuters) – The euro rose against the dollar on Thursday after the European Central Bank cut interest rates and its president, Christine Lagarde, tempered expectations for another cut next month, saying the bank would let economic data dictate the next policy move.…
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ECB’s Lagarde: We are not pre-committing to a particular rate path
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The euro zone economy is expected to continue to recover in the coming quarters This follows growth in the first quarter, after five quarters of “stagnation.” The service sector is expanding, and manufacturing is showing signs of stabilization Price pressures are gradually diminishing However, wages are still rising at a…