Christine Lagarde

ECB Keeps Subzero Interest Rates and Open-Ended QE Worth €20B a Month But Launches Policy Review

</header> <strong>The European Central Bank (ECB) has launched an extensive review that will examine a wide range of its policies by the end of this year. Under its new president, Christine Lagarde, the bank will try to establish why its monetary stimulus has failed to achieve the Eurozone’s goal of close to 2% inflation. Sharing …

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Trump ‘Loves’ Negative Rates and ‘Could Get Used to’ Them, Criticizes Fed at World Economic Forum, China Trade Deal

</header> <strong> U.S. President Donald Trump spoke at the World Economic Forum in Davos, Switzerland Tuesday saying the U.S. and other nations are “forced to compete … with nations that are getting negative rates, something very new.” Trump took direct shots at the U.S. Federal Reserve, claiming they’ve not lowered rates quickly enough. The harsh …

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ECB Wants Active Role in Crypto, Will Not Deter Private Solutions

</header> <strong>The European Central Bank (ECB) wants to play an active role in the field of digital currency, said President Christine Lagarde. As the bank works on its own digital currency and an instant payment system, </strong><strong>Lagarde emphasizes that “central bank initiatives should neither discourage nor crowd out private market-led solutions for fast and efficient …

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ECB’s Lagarde: We Want to Develop Digital Currencies but Won’t Discourage Private Initiatives

The European Central Bank is eager to expand its role in developing central bank digital currencies (CBDCs), but that doesn’t mean private enterprises can’t join the party, said President Christine Lagarde. In an interview Wednesday with French business magazine, Challenges, Lagarde reiterated the ECB wants to play an active role in cryptocurrencies. As businesses and …

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Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines Policy

</header> <strong>In this regulatory roundup, we cover a positive crypto story in India, China’s year-end rankings, and the European Central Bank entering the stablecoin race. </strong><strong>We also cover the New York regulator’s proposed Bitlicense revision — the first in five years — and several other notable regulatory developments in the crypto space.</strong> Also read: Regulatory …

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Lagarde Sees Demand for Stablecoins, Plans to Put ECB ‘Ahead of the Curve’

</header> <strong>At her first press conference as head of the European Central Bank (ECB), Christine Lagarde outlined her plans to lead the ECB “ahead of the curve” in the field of digital currency. “There is clearly a demand out there that we have to respond to,” she said, referring to stablecoins.</strong> Also read: Regulatory Roundup …

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ECB Nominee Blames Resistance to Negative Rates on Financial Illiteracy

</header> <strong> European Central Bank (ECB) executive board nominee and member of the German Council of Economic Experts, Isabel Schnabel, recently remarked at a European Parliament hearing that “This scapegoating [of the ECB] is extremely dangerous: it may damage the trust in the euro.” Schnabel was speaking out in defense of negative deposit rates being …

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ECB President: ’We Should Be Happier to Have a Job Than to Have Our Savings Protected’

</header> <strong>Newly installed European Central Bank President Christine Lagarde made controversial remarks in a recent statement prior to assuming her new role. The former IMF Managing Director implored: “isn’t it true that ultimately we have done the right thing to act in favour of jobs and of growth rather than the protection of savers?” Regarding …

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Central Banks in Panic Mode – Extreme Tactics Like Helicopter Money Discussed

<header class=”article__header”> </header> <strong>Central banks worldwide continue to inject more stimulus into the economy as they predict the onset of a new financial crisis. In the face of a sluggish economy, monetary easing, negative interest rates, and ‘normalizing’ the balance sheet is the name of the game these days. Now central banks are contemplating even …

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G20 Starts Crypto Discussions – A Look at Global Standards

<header class=”article__header”> </header> <strong>Finance ministers and central bank governors from the G20 countries have gathered this weekend for a two-day meeting ahead of the G20 summit, and cryptocurrency is among the topics of discussion. Global standard-setting bodies have submitted their policies and provided tools to help the member countries with the regulation of crypto assets …

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