Christine Lagarde Archives

European Central Bank Chief: Digital Cash ‘Now in Preparation Phase’

The head of the European Central Bank has announced that the "Digital Euro" is now being prepared for implementation to replace traditional cash. The president of the European Union's Central Bank, Christine Lagarde, revealed that the bloc's "digital cash" is now in "the preparation phase." According to Lagarde, the EU…

ECB Raises Interest Rates Further as Inflation Soars in Eurozone

The European Central Bank (ECB) has hiked interest rates again on Thursday by the largest increment since the bank’s founding. The move comes as policymakers in the Eurozone scramble to stem the tide of rising inflation throughout the region. Initially, ECB policymakers were divided between a 50 and a 75…

European Central Bank Chief Blames ‘Climate Change’ for Record High Inflation

The head of the European Central Bank (ECB) has claimed that "climate change" is to blame for the record high inflation that's impacting nations around the world. ECB President Christine Lagarde claims that climate change has created droughts and famines that are driving up prices. Lagarde made the argument in…

European Central Bank: Cash ‘Not Fit’ for Digital Economy

The European Central Bank (ECB) has dismissed privacy concerns about a central bank digital currency (CBDC) and declared that physical cash is "not fit" for a digital economy. According to a new paper from the ECB, cash is no longer a useful tool, and a CBDC is the “only solution”…

European Central Bank Keeps Interest Rates Steady despite Record High Inflation

The European Central Bank (ECB) is keeping interest rates steady despite inflation hitting record highs. The ECB announced it’s holding its key interest rate at around the zero bound. It is also maintaining its current plans for a gradual wind-down of stimulus measures, even as eurozone inflation has hit a…