ECB president on women leaders: 'Of course we can do the job'
Video Credit: Bleacher Report AOL - Duration: 02:13s - Published
ECB president on women leaders: 'Of course we can do the job'
Christine Lagarde was the first woman to serve as finance minister of a G7 nation, managing director of the IMF and now president of the European Central Bank.
She spoke to CNN’s Richard Quest about “making way for others to follow suit.”
The European Central Bank's "historic" interest rate cut and the European Union's food challenges - both in agricultural production and food waste - are this week's top topics.
Credit: euronews (in English) Duration: 07:00Published
European Central Bank , Cuts Interest Rates.
The action was confirmed on June 6 at
the central bank's meeting, CNBC reports. .
The European Central Bank's (ECB) key
rate will go from 4% down to 3.75%.
The ECB Governing Council issued a statement.
Based on an updated assessment of
the inflation outlook, the dynamics of
underlying inflation and the strength
of monetary policy transmission, , ECB Governing Council, via statement.
... it is now appropriate to
moderate the degree of monetary
policy restriction after nine months
of holding rates steady, ECB Governing Council, via statement.
This is the first time that interest rates
have been cut since September 2019. .
Updated macroeconomic projections indicate that 2024's "annual average headline inflation outlook" has been increased from 2.3% to 2.5%, CNBC reports.
For 2025, it was raised from 2% to 2.2%.
The projection for 2026 stayed at 1.9%.
The ECB's next meeting is in July, where another rate cut is unlikely, experts say.
The slight upgrade to the inflation forecast
was to be expected, inflation has been printing
a little bit hotter than markets were expecting,
but in terms of the timing of the next cut
I’d still be looking to September, Dean Turner, chief euro zone economist at
UBS Global Wealth Management, to CNBC.
Canada also cut interest rates on June 5, while Sweden and Switzerland cut rates earlier this year.
Canada also cut interest rates on June 5, while Sweden and Switzerland cut rates earlier this year.
Canada also cut interest rates on June 5, while Sweden and Switzerland cut rates earlier this year.
The U.S. Federal Reserve continues
to battle America's rate of inflation.
Credit: Wibbitz Top Stories Duration: 01:31Published
White House Press Secretary Karine Jean-Pierre has denounced recent viral videos depicting US President Joe Biden as confused at public events, labelling them as “cheap fakes.” Her comments follow the spread of several clips on social media, which have ignited debates about the president's mental fitness. In one widely shared video, President Biden appears to struggle with sitting down during a D-Day memorial event in France. Commenters suggested he seemed “completely lost” or experiencing “some kind of episode.” Another clip from a G7 meeting in Italy shows Biden wandering away from the group during a skydiving demonstration, only to be guided back by Italian Prime Minister Giorgia Meloni.
#JoeBiden #WhiteHouse #ViralVideos #CheapFakes #Deepfakes #KarineJeanPierre #FakeNews #ManipulatedMedia #PoliticalAttacks #MentalHealth #G7Summit #DdayMemorial #Juneteenth #MediaManipulation #USPolitics
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In a recent statement, Ukrainian President Volodymyr Zelensky has firmly rejected the peace terms proposed by Russian President Vladimir Putin, labeling them as an ultimatum. During a meeting with senior Russian Foreign Ministry officials, Putin demanded that Ukraine cede four regions that voted to join Russia and guarantee it will never join NATO. Zelensky, attending the G7 meeting in Italy, emphasized that these demands are unacceptable and tantamount to surrender. The Kremlin, however, described the offer as a comprehensive and constructive proposal. As the conflict continues, the gap between Moscow's demands and Kiev's position remains wide, with peace still a distant hope.
#Zelensky #Putin #Ukraine #Russia #PeaceTalks #G7 #Conflict #NATO #Geopolitics #InternationalRelations #NewsUpdate #RussiaUkraineWar
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