Lagarde: Integrated capital markets are integral to our success - Breaking The News

Lagarde: Integrated capital markets are integral to our success

17 November

1 min read

EPA-EFE/RONALD WITTEK

European Central Bank President Christine Lagarde said on Friday that integrated capital markets are fundamental to European market "success."

Speaking at the 33rd Frankfurt European Banking Congress, Lagarde stressed that "in the changing circumstances we face today" European vision for the development of a capital markets union (CMU) needs to become "more ambitious." In addition, the central banker underlined that the European capital market is still "fragmented" and that financial integration is currently weaker than before the financial crisis erupted.

Finally, Lagarde emphasized that the financial challenges are "immense" and that is why "the moment for action is now," adding that, to achieve success, the dedicated and determined participation of all actors, both from the public and private sectors, is needed.

ecb lagarde

ECB's Centeno urges faster rate cuts

10 minutes ago

European Central Bank (ECB) Governing Council member Mario Centeno emphasized the need for timely action to support the eurozone economy, stating, he "would prefer to move sooner rather than later," referring to cutting interest rates.In an interview published by The Wall Street Journal on Wednesday, Centeno warned that high borrowing costs continue to suffocate economic activity, risking inflation falling below the ECB's 2% target. He argued that...

Lagarde: Impossible for inflation to always be 2%

41 minutes ago

European Central Bank President Christine Lagarde said on Wednesday that, "in the kind of environment we are facing now," it is impossible to expect inflation to always be at the 2% target. However, she insisted that the ECB must set its policy so that inflation is "always converging back towards 2% over the medium term."Lagarde noted the importance of well-anchored inflation expectations, which allowed the ECB to reduce inflation "at a relatively low cost...

ECB's Rehn: US tariffs could cut global output

a day ago

Member of the European Central Bank (ECB) Governing Council and Bank of Finland Governor Olli Rehn warned on Tuesday that the tariffs United States President Donald Trump imposed on Canada, China, and Mexico, and could do so on other countries and territories could reduce the global economic output by more than 0.5% in 2025 and 2026.Speaking at a press conference, Rehn urged the Eurozone to find a joint solution to "effectively enhance our common...

ECB's Nagel: Crucial to keep public finances solid

10 March

Member of the European Central Bank (ECB) Governing Council and Deutsche Bundesbank (Buba) President Joachim Nagel insisted on Monday that it is "crucial" to keep public finances "solid" both in the Eurozone and Germany.Speaking before the Berlin School of Economics, Nagel outlined his proposal for how to "put Germany on a structurally higher growth path" through twelve points, including facilitating business founding, improving workers' rights and...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.