EZ ECB President Lagarde Speaks

It is an honour to be here today to mark 10 years of Lithuania in the euro. “Laisvė, Vienybė, Gerovė” – freedom, unity and well-being. These are core national values in Lithuania – and accordingly, they are engraved in the edge-lettering on Lithuania’s €2 coin. Freedom, because of the liberation from Soviet occupation. Unity, because of the need for national solidarity. And well-being, expressing hope for economic and social prosperity. These three words capture the spirit of the Lithuanian people. And I believe that being part of ...

post: ECB'S PRESIDENT LAGARDE: WE WILL CONTINUE TO LOWER RATES, BUT CAN'T SAY AT WHAT PACE. post: *LAGARDE: DIRECTION OF RATES IS DOWN, PACE NOT PRE-DETERMINED - BBG *LAGARDE: ECB RATES STILL RESTRICTIVE *LAGARDE: POLICY TIGHTENING STILL IMPACTING INFLATION

post: ECB’s Pres Lagarde: Battle Against Inflation Nearing Completion - ECB Will Have To Move From Backward To Forward Looking

I am pleased to return to this Committee to discuss the ECB’s monetary policy at such a critical juncture for Europe. We are witnessing a rapidly shifting geopolitical landscape, but also enduring major structural challenges to our economic model. Europe’s response must be swift. It should focus on spurring investment, fostering innovation and raising productivity. This will require bold policy action and, together with the new European Commission and the Council, this Parliament will have an important role to play. In my remarks today, I will discuss an important element of this response – the new economic governance framework – which you have chosen as one of the topics of this hearing. But I would like to start by updating you on the ECB’s assessment of the euro area economy and our monetary po post: ECB'S LAGARDE: GROWTH WILL BE WEAKER IN THE SHORT TERM, || FURTHER AHEAD, THE EURO AREA’S ECONOMIC RECOVERY SHOULD START TO GATHER SOME STEAM ECB'S LAGARDE: THE MEDIUM-TERM ECONOMIC OUTLOOK IS UNCERTAIN || INFLATION IS EXPECTED TO TEMPORARILY INCREASE IN THE FOURTH QUARTER OF…

At last year’s conference, I spoke about Europe’s fragmented capital markets and the urgent need for us to integrate them. The main thrust of my argument was that Europe was facing transformative changes that came with huge financing needs, and that we would not succeed without mobilising private capital much more effectively. I called for a “Kantian shift” in how we approach the capital markets union (CMU) project, moving away from bottom-up harmonization to top-down integration. But as Martin Luther King said, “we are now faced ...

It is both an honour and a privilege to address you at the esteemed Collège des Bernardins, a site rich in history and intellectual tradition. As I stand in this restored medieval college, I am reminded of the profound role that monastic institutions have played in spreading Christian values throughout Europe. In these environments, ideals of social responsibility flourished through communal living. The principle of “ora et labora” (pray and work) underlined the dignity of labour. And the study of theology and major disciplines of human knowledge contributed to Western thought. These moral foundations contributed to the emergence of the Church’s social doctrine in the 19th century and the creation of the welfare state. post: ECB PRESIDENT CHRISTINE LAGARDE DOES NOT REFER TO CURRENT MONETARY POLICY IN PREPARED REMARKS TO COLLEGE DES BERNARDINS #christinelagarde #eurozone post: ECB's Lagarde: Europe is falling behind in innovation and productivity compared to the U.S https://t.co/rFXPuVhVCa

It is a pleasure to welcome you to this event celebrating the tenth anniversary of the Single Supervisory Mechanism (SSM). The SSM became operational ten years ago, almost to the day, on 4 November 2014. It was the most significant step forward in European integration since the introduction of the euro. If we think back to how the banking sector was faring a decade ago, we can see just how much has changed. The euro crisis had exposed significant weaknesses: low equity buffers, high levels of non-performing loans and deep exposures to domestic sovereigns. Our challenge, as Danièle Nouy said at the time, was to “help rebuild confidence in the balance sheets of SSM area banks” amid a fragmented supervisory landscape.[ post: ECB'S LAGARDE: REDUCING THE RING-FENCING OF CAPITAL AND LIQUIDITY ALONG NATIONAL LINES WOULD ALLOW FUNDS TO FLOW FREELY WITHIN BANKING GROUPS AND FACILITATE LENDING ACROSS BORDERS