Lagarde Signals Potential ECB Interest Rate Cut in Summer Amidst Wage Growth Uncertainty
European Central Bank (ECB) Governor Christine Lagarde suggested on Wednesday that the ECB might implement interest rate cuts in the summer
European Central Bank Governor Mario Draghi will chair the last meeting in Frankfurt before resigning.
Many analysts expect the subsequent press conference to be rather ceremonial and uncharacteristically emotional for the banker, who will remain in the bank's history with his bid to save the euro "whatever it takes".
After eight years as head of the European Central Bank, Mario Draghi will chair the Governing Council for the last time today. Most analysts do not expect to make key decisions about Frankfurt's policy, but rather technical ones.
It is unclear how long the reopening of the quantitative easing program will continue.
The program ended at the end of last year and raised 2.6 trillion euros in inflation close to two percent. It has not been achieved, but according to program supporters - stimulating the economy has a clear effect on employment growth, for example.
Negative interest rates will also remain part of Draghi's rule, and this is one of Frankfurt's most controversial policies under his leadership.
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The European Parliament has approved the EU's inaugural directive aimed at regulating the employment rights of individuals working through online platforms
In recent years, Moldova has been faced with the challenge of reducing its dependency on Russian gas imports.
As the Hungarian forint experiences volatility, German investors are increasingly advocating for Hungary to adopt the euro, reaching the highest level of support in over a decade
In a statement underscoring growing concerns over national security, FBI Director Christopher Wray has declared that the popular social media app TikTok poses a significant risk to the United States
Eurostat data indicates that Greece (161.9%), Italy (137.3%), France (110.6%), Spain (107.7%), and Belgium reported the highest public debt-to-GDP ratios among EU member states by the conclusion of 2023
A damning report from the US State Department has unveiled a troubling reality of systematic racial and ethnic violence and discrimination against Bulgarians in the Republic of North Macedonia
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022