Eurozone Inflation Hits Two-Year Low as Economic Contraction Persists
Despite the varied economic performance across the 20-country common currency bloc, the challenges stemming from high inflation persist.
Christine Lagarde is a French politician and lawyer serving as President of the European Central Bank, since November 2019.
Christine Madeleine Odette Lagarde is a French politician and lawyer serving as President of the European Central Bank, since November 2019. Prior to this appointment, she served as Chair and Managing Director (MD) of the International Monetary Fund (IMF), between July 2011 and November 2019.
Lagarde previously held various senior ministerial posts in the Government of France: she was Minister of the Economy, Finance and Industry (2007–2011), Minister of Agriculture and Fishing (2007) and Minister of Commerce (2005–2007). Lagarde was the first woman to become Finance Minister of a G8 economy (and the only woman as of 2019) and is the first woman to head the ECB or the IMF. A noted antitrust and labour lawyer, Lagarde was the first female Chair of major international law firm Baker & McKenzie, between 1999 and 2004. On 16 November 2009, the Financial Times ranked her the best Finance Minister in the Eurozone.
On 28 June 2011, Lagarde was named as the next Managing Director of the IMF for a five-year term, starting on 5 July 2011, replacing Dominique Strauss-Kahn. Her appointment is the 11th consecutive appointment of a European to head the IMF. She was reelected by consensus for a second five-year term, starting 5 July 2016, being the only candidate nominated for the post. In December 2016, a French court found her guilty of negligence relating to her role in the Bernard Tapie arbitration, but did not impose a penalty. In 2018, Forbes ranked her number three on its World’s 100 Most Powerful Women list.
European Central Bank
Jan 1st, 1956
French
Frankfurt on the Main, Germany
Paris Nanterre University Sciences Po Aix, Master’s degree in Political Science
Paris West University Nanterre La Défense, Master's degrees in English, labor law, and social law
European Central Bank - President
International Monetary Fund - Managing Director - 2011-2019
Government of France - Minister of the Economy, Finance and Industry - 2007-2011
Government of France - Minister of Agriculture - 2006-2007
Despite the varied economic performance across the 20-country common currency bloc, the challenges stemming from high inflation persist.
If successful, the project will further move to the next stage, closer to the issuance. The full rollout will be possible only after completing the European Union’s legislative process by the Governing Council.
Stocks in Europe and Asia have risen in response to the debt ceiling increase approved by lawmakers in the US.
Inflation in the Euro zone has fallen to 6.1% as individual countries are also recording reductions. However, Lagarde plans more rate hikes.
Riksbank proposed the use of e-Krona for retail payments under different conditions while evaluating factors such as transparency, privacy, and governance.