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Christine Lagarde

ECB cuts key lending rate by 25 bps, lowers annual economic growth projection by 10 bps

ECB cuts key lending rate by 25 bps, lowers annual economic growth projection by 10 bps

Thu, Sep 12, 2024

The ECB revised its 2024 growth forecast to 0.8 per cent from 0.9 per cent citing “weaker contribution from domestic demand" in the next few quarters.

European Central Bank slows pace of hikes, raises interest rates by 25 bps

European Central Bank slows pace of hikes, raises interest rates by 25 bps

Thu, May 04, 2023

European Central Bank rate hike: In a statement, the bank said that inflation "has declined over recent months, but underlying price pressures remain strong."

European Central Bank: ECB backs big rate hike despite bank chaos

European Central Bank: ECB backs big rate hike despite bank chaos

Thu, Mar 16, 2023

The ECB hiked rates by half a percentage point Thursday, underlining its determination to fight high inflation

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Christine Lagarde resigns as IMF chief

Christine Lagarde resigns as IMF chief

Wed, Jul 17, 2019

Christine Lagarde was nominated for the presidency of the European Central Bank (ECB), as part of the European Union (EU) leaders' agreement.

Warning! What IMF MD Christine Lagarde has to say on technology giants using big data and AI and impact on financial system

Warning! What IMF MD Christine Lagarde has to say on technology giants using big data and AI and impact on financial system

Sat, Jun 08, 2019

International Monetary Fund Managing Director Christine Lagarde warned on Saturday that the increasing presence of technology giants using big data and artificial intelligence could cause a significant disruption to the world`s financial system.

World leaders discuss future of global economy at Dubai summit

World leaders discuss future of global economy at Dubai summit

Mon, Feb 11, 2019

The World Government Summit in Dubai, attended by more than 4,000 delegates from 140 countries representing the business, cultural and political sectors, featured speeches and discussions on peace, development and the present and future of the global economy.

IMF's Christine Lagarde says oil exporters have not fully recovered from oil shock, cautions against 'white elephant projects'

IMF's Christine Lagarde says oil exporters have not fully recovered from oil shock, cautions against 'white elephant projects'

Sat, Feb 09, 2019

Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the IMF said on Saturday, and she cautioned against spending money on "white elephant projects".

At the helm! With India-born Gita Gopinath, here is a list of women leading charge at economic institutions

At the helm! With India-born Gita Gopinath, here is a list of women leading charge at economic institutions

Wed, Oct 03, 2018

Some of the top global economic bodies are currently dominated by women at the top, and with the appointment of Gita Gopinath as Chief Economist at the International Monetary Fund (IMF), India has earned another feature in its cap. Gita Gopinath hails from the southern state of Kerala.

India should focus on women's inclusion in economy: IMF Chief

India should focus on women's inclusion in economy: IMF Chief

Tue, Jan 23, 2018

Lagarde also said that India should continue with reforms with special focus on financial services sector.

IMF's 7.4% growth forecast for India in FY19 a boost to Modi govt

IMF's 7.4% growth forecast for India in FY19 a boost to Modi govt

Tue, Jan 23, 2018

IMF in its World Economic Outlook update, January 2018, said that India will grow 7.4% and 7.8% in FY19 and FY20, respectively.

Trump's tax reform plan to produce some short-term budget issues: US Treasury Secretary

Trump's tax reform plan to produce some short-term budget issues: US Treasury Secretary

Sun, Apr 23, 2017

"We're looking for reforms that will pay for themselves with growth," Mnuchin said. "Under dynamic scoring, this will pay for itself, under static scoring, there'll be short term issues."

Christine Lagarde keeps IMF job, escapes penalty after negligence conviction in France

Christine Lagarde keeps IMF job, escapes penalty after negligence conviction in France

Tue, Dec 20, 2016

International Monetary Fund (IMF) chief Christine Lagarde kept her job and escaped punishment on Monday despite a conviction on negligence charges by French judges over a state payout made while she served as France`s finance minister in 2008.

French prosecutor calls for IMF's Christine Lagarde to be acquitted

French prosecutor calls for IMF's Christine Lagarde to be acquitted

Fri, Dec 16, 2016

The chief prosecutor in the negligence trial of IMF chief Christine Lagarde in Paris called for her acquittal on Thursday saying the hearing had failed to support the "very weak" accusation against her.

IMF chief Christine Lagarde on trial in France over tycoon case

IMF chief Christine Lagarde on trial in France over tycoon case

Sat, Dec 10, 2016

International Monetary Fund (IMF) chief Christine Lagarde goes on trial in France on Monday over a massive state payout to a flamboyant tycoon when she was finance minister in a case that risks tarnishing her stellar career.

IMF chief gives Deutsche Bank tough advice on reform, need for fine deal

IMF chief gives Deutsche Bank tough advice on reform, need for fine deal

Fri, Oct 07, 2016

IMF chief Christine Lagarde gave Deutsche Bank some tough advice on Thursday, saying Germany's biggest lender needed to reform its business model and rapidly reach a deal with US regulators over a potentially huge fine.

IMF says global debt tops $152 trillion, urges some to spend more

IMF says global debt tops $152 trillion, urges some to spend more

Thu, Oct 06, 2016

While the United States has de-leveraged since the 2008-2009 financial crisis, the report cited the buildup of private debt in China and Brazil as a significant concern, fueled in part by a long era of low interest rates.

World Bank's Jim Yong Kim launches bid for second term as president

World Bank's Jim Yong Kim launches bid for second term as president

Wed, Aug 24, 2016

World Bank President Jim Yong Kim on Tuesday formally launched a bid for a second five-year term as head of the multilateral development lender, whose board pledged an "open, merit-based, and transparent" selection process.

IMF views positive outlook for Chinese economy

IMF views positive outlook for Chinese economy

Sat, Aug 13, 2016

China's near-term growth outlook has improved due to recent policy support but the country needs to rein in fast credit growth to ensure economic transition on a sustainable footing, the International Monetary Fund (IMF) has said.

'Oil prices' role in India's disinflation relatively modest', IMF says

'Oil prices' role in India's disinflation relatively modest', IMF says

Wed, Aug 10, 2016

Nothing that the bulk of the disinflation (45 per cent), however, can be attributed to a moderation in the historical dynamics of inflation that influence contemporaneous inflation, the paper said, "We also find an important role for forward-looking expectations... Almost 35 per cent of the disinflation can be attributed to this."

IMF's Christine Lagarde to stand trial over $400 million Tapie payout

IMF's Christine Lagarde to stand trial over $400 million Tapie payout

Fri, Jul 22, 2016

France's highest appeals court dismissed Lagarde`s challenge against the decision to try her for negligence in her handling of a dispute between a state-owned bank and businessman Bernard Tapie.

IMF calls for "smooth transition" after Brexit

IMF calls for "smooth transition" after Brexit

Fri, Jun 24, 2016

The Finance Minister of G7 countries and governors of their central banks said they respect the intention expressed today by the people of the United Kingdom.

IMF warns the US over rising high poverty, inequality in the country

IMF warns the US over rising high poverty, inequality in the country

Wed, Jun 22, 2016

Key trends in the economy that it said will slowly choke off avenues to future growth if not addressed soon.

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