During the press conference, ECB President Christine Lagarde indicated that the central bank's macro assessment had hardly changed from its December meeting. The ECB still sees the disinflationary process on track and expects a pick up in demand, though it acknowledges the near-term weakness of the eurozone economy.
European Central Bank President Christine Lagarde said Bulgaria is “well advanced” in the process of meeting the criteria for joining the euro.
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.
Against this backdrop, the ECB’s communication in the policy statement and President Lagarde’s comments will hold the key to determining the scope and timing of the next rate cuts as the Bank battles concerns over economic growth and potential tariffs by United States (US) President Donald Trump’s administration.
ECB President Christine Lagarde ruled out Bitcoin as a reserve asset for the eurozone’s central banks, citing concerns over liquidity, security, and regulatory risks.
The Bitcoin price posted a slight loss after the ECB President said BTC will not enter the bank’s reserves and this ICO heads for $9 million.
Central bank independence is being challenged in parts of the world and greater political influence could undermined banks' ability to keep inflation down, risking economic volatility, European Central Bank President Christine Lagarde said on Monday.
Speaking at a press conference, ECB President Christine Lagarde suggested “liquid, secure and safe“ standards for central banks likely precluded Bitcoin as a reserve asset.
XRP rises amid ETF optimism, but SEC’s appeal decision looms. Will the regulator retreat or double down on its legal battle?
ECB officials reduced the deposit rate by a quarter-point to 2.75%. They continued to describe their current monetary-policy stance as ‘restrictive’, signaling more loosening is in the pipeline, while
ECB President Christine Lagarde has firmly stated that Bitcoin will not be included in EU reserves due to concerns over regulatory risks.