ecb
Washington (AFP) - European Central Bank president Christine Lagarde suggested Tuesday that the regulator could lower interest rates before a similar move by the US Federal Reserve, saying "we are not Fed-dependent." Speaking in Washington on the sidelines of spring meetings at the International Monetary Fund, Lagarde said Europe was seeing a "disinflationary process" -- with observers betting on the first rate cut to take place in June. "If we don't have a major shock in development, we are heading toward a moment where we have to moderate the restrictive monetary policy," Lagarde said, witho...
AFP
Washington (AFP) - In Washington they paused; in Frankfurt they hiked; and in Beijing they cut. Central bankers in three of the world's key economic regions have unveiled divergent monetary policies this week as they each contend with their own challenges. The moves reflect the different economic headwinds faced by the Eurozone, the United States and China, and also where they are in their cycle of monetary policy. The US Federal Reserve began rapidly and aggressively raising rates in March last year, while the European Central Bank (ECB) adopted a more gradual approach to monetary tightening...
AFP
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