ECB Holds Rates as Lagarde Announces Early Resignation
Bloomberg Markets's headline. Reported by Bloomberg Markets, Financial Times World, Euronews.
What Bloomberg Markets reported
The European Central Bank kept interest rates on hold at 2.5% as news that President Christine Lagarde will step down from her role early added to concern over energy costs and France's fiscal situation. Bloomberg's Oliver Crook reports from Frankfurt. (Source: Bloomberg)
The publisher's own words, quoted for review. Every outlet carrying the story is listed below with its link.
ECB Holds Rates as Lagarde Announces Early Resignation. The European Central Bank kept interest rates on hold at 2.5% as news that President Christine Lagarde will step down from her role early added to concern over energy costs and France's fiscal situation. Bloomberg's Oliver Crook reports from Frankfurt. (Source: Bloomberg) Covered by 3 publications. Bloomberg Markets: ECB Holds Rates as Lagarde Announces Early Resignation. Financial Times World: ECB holds rates as Lagarde announces early departure. Euronews: ECB holds rates at 2.5% as Lagarde announces early exit with inflation near double the target.
Who is covering it
- Bloomberg Markets United States ECB Holds Rates as Lagarde Announces Early Resignation The European Central Bank kept interest rates on hold at 2.5% as news that President Christine Lagarde will step down from her role early added to concern over energy costs and France's fiscal situation. Bloomberg's Oliver Crook reports from Frankfurt. (Source: Bloomberg) 29 Oct · Tier 1
- Financial Times World United Kingdom ECB holds rates as Lagarde announces early departure Lagarde’s successor will probably have to contend with further French bond market turbulence 29 Oct · Tier 2
- Euronews France ECB holds rates at 2.5% as Lagarde announces early exit with inflation near double the target The European Central Bank kept its deposit rate at 2.5% on Thursday, hours after President Christine Lagarde said she would leave next February, months before her term ends, as France's bond market turmoil and inflation at 3.8% cloud the outlook for the eurozone. 29 Oct · Tier 3
Headlines and excerpts are the publishers' own, shown under quotation for review and linked to the originals.
More from Business
Fed holds fire on interest rates despite intensifying inflation
According to the South China Morning Post, the US Federal Reserve on Wednesday held interest rates steady at a target range of 3.75 to 4.00 per cent, in line with market expectations, days before midterm elections where inflation has been a key issue. The Financial Times reported the Fed will vote on monetary policy seven times next year, down from eight. The New York Times reported that Chairman Kevin M. Warsh cited an information-rich period before the December meeting. CNBC reported two of the 12 voters dissented, both wanting a quarter-point rate rise. The vote was 10-2, according to the South China Morning Post. CBS News and IOL also reported the hold. TVC News reported analysts expected the hold, with markets pricing in at least one rate hike before year-end. Summary from 8 sources
Sources differ: TVC News described the hold as expected by analysts ahead of next week's meeting, while the South China Morning Post reported it as already decided on Wednesday.
Summary from 8 sources Financial Times first also South China Morning Post, The New York Times, TVC News, CBS News and 2 more
Europe’s central bank chief Christine Lagarde to step down nine months early
According to the Korea Times, ECB President Christine Lagarde will resign on February 7, nine months ahead of the end of her eight-year term, the ECB said Thursday. Al Jazeera English and Punch also reported the February departure, and The Guardian said she is stepping down to speak her mind about world affairs. The New York Times reported that the plan sets in motion a selection process among European leaders for a new central bank president. DW News reported that European Council President Antonio Costa said the process to find a successor is underway. The story is developing. Summary from 9 sources
Sources differ: Punch gives the departure date as February 7, 2027, while other outlets say only February.
Summary from 9 sources The Guardian Business first also Al Jazeera English, The New York Times, DW News, CNBC World and 2 more
Andy Burnham admits he would have liked more radical first budget
Prime minister says room for manoeuvre was limited by geopolitical crises and Labour’s 2024 manifesto Andy Burnham has admitted his first budget as prime minister was not as radical as he would have liked because of the economic uncertainty facing the country. He said he would have liked to have gon Excerpt, The Guardian Business
Source The Guardian Business