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Central banking

FILE - In this Wednesday, Sept. 4, 2019 file photo, incoming President of the European Central Bank Christine Lagarde speaks to the European Parliament's Economic and Monetary Affairs Committee in Brussels. Newly appointed European Central Bank head Christine Lagarde makes her first official assessment Thursday, Dec. 12, 2019 of the mixed bag that is the eurozone economy, which suffers from slowing manufacturing and global trade even as consumer spending helps prop up growth. (AP Photo/Francisco Seco, File)
December 12, 2019 - 11:30 am

Europe's new central banker aims to put her stamp on the job

FRANKFURT, Germany (AP) — Christine Lagarde is wasting no time in putting her stamp on the European Central Bank. The bank's new president said at her first news conference Thursday that she will lead a top to bottom review of how the institution sets monetary policy, looking at everything from how...
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FILE - In this Dec. 5, 2019, file photo, trader Gregory Rowe, left, and specialist Michael Pistillo work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Dec. 12. (AP Photo/Richard Drew, File)
December 12, 2019 - 9:44 am

US stocks open higher as central banks stand pat on rates

NEW YORK (AP) — Stocks are opening higher on Wall Street after the European Central Bank said it would leave interest rates unchanged and as traders look for signs of progress in trade talks between the US and China. Another optimistic tweet from President Donald Trump had traders hopeful a deal...
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FILE - In this Wednesday, Sept. 4, 2019 file photo, incoming President of the European Central Bank Christine Lagarde speaks to the European Parliament's Economic and Monetary Affairs Committee in Brussels. Newly appointed European Central Bank head Christine Lagarde makes her first official assessment Thursday, Dec. 12, 2019 of the mixed bag that is the eurozone economy, which suffers from slowing manufacturing and global trade even as consumer spending helps prop up growth. (AP Photo/Francisco Seco, File)
December 12, 2019 - 8:49 am

European Central Bank chief sees slowdown bottoming out

FRANKFURT, Germany (AP) — The head of the European Central Bank said Thursday that the economic slowdown in the countries that use the euro shows signs of bottoming out. Christine Lagarde told reporters after the bank kept its monetary policies on hold that recent economic indicators are “weak...
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Investors monitors stock prices at a brokerage in Beijing on Thursday, Dec. 12, 2019. Asian shares are mixed after a wobbly day on Wall Street following the Federal Reserve announcement that it would leave interest rates unchanged. Japan's benchmark Nikkei 225, South Korea's Kospi and Hong Kong's Hang Seng rose in early Thursday trading. (AP Photo/Ng Han Guan)
December 12, 2019 - 8:20 am

Stocks mixed as US, EU policymakers leave rates unchanged

TOKYO (AP) — Global shares were mixed Thursday after central banks in Europe and the U.S. said they will leave interest rates unchanged for the time being. Investors are still waiting for a breakthrough in U.S.-China trade talks while monitoring Britain's national election Thursday, which will...
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FILE - In this Wednesday, Sept. 4, 2019 file photo, incoming President of the European Central Bank Christine Lagarde speaks to the European Parliament's Economic and Monetary Affairs Committee in Brussels. Newly appointed European Central Bank head Christine Lagarde makes her first official assessment Thursday, Dec. 12, 2019 of the mixed bag that is the eurozone economy, which suffers from slowing manufacturing and global trade even as consumer spending helps prop up growth. (AP Photo/Francisco Seco, File)
December 12, 2019 - 7:58 am

European Central Bank keeps rates low as Lagarde takes helm

FRANKFURT, Germany (AP) — The European Central Bank left its key interest rate benchmarks and stimulus programs unchanged on Thursday, when it held its first policy meeting under its newly appointed president, Christine Lagarde. The bank left its deposit rate at minus 0.5% and its main refinancing...
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FILE - In this Wednesday, Sept. 4, 2019 file photo, incoming President of the European Central Bank Christine Lagarde speaks to the European Parliament's Economic and Monetary Affairs Committee in Brussels. Newly appointed European Central Bank head Christine Lagarde makes her first official assessment Thursday, Dec. 12, 2019 of the mixed bag that is the eurozone economy, which suffers from slowing manufacturing and global trade even as consumer spending helps prop up growth. (AP Photo/Francisco Seco, File)
December 12, 2019 - 7:52 am

European Central Bank keeps rates low as Lagarde takes helm

FRANKFURT, Germany (AP) — The European Central Bank left its key interest rate benchmarks and stimulus programs unchanged on Thursday, when it held its first policy meeting under its newly appointed president, Christine Lagarde. The decision follows a similar one by the U.S. Federal Reserve this...
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FILE - In this Wednesday, Sept. 4, 2019 file photo, incoming President of the European Central Bank Christine Lagarde speaks to the European Parliament's Economic and Monetary Affairs Committee in Brussels. Newly appointed European Central Bank head Christine Lagarde makes her first official assessment Thursday, Dec. 12, 2019 of the mixed bag that is the eurozone economy, which suffers from slowing manufacturing and global trade even as consumer spending helps prop up growth. (AP Photo/Francisco Seco, File)
December 12, 2019 - 7:49 am

European Central Bank keeps rates low as Lagarde takes helm

FRANKFURT, Germany (AP) — The European Central Bank has left its key interest rate benchmarks and stimulus programs unchanged. The decision came Thursday at a meeting of the bank’s officials at its headquarters in Frankfurt, Germany. It follows a similar one by the U.S. Federal Reserve this week to...
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FILE - In this Wednesday, Sept. 4, 2019 file photo, incoming President of the European Central Bank Christine Lagarde speaks to the European Parliament's Economic and Monetary Affairs Committee in Brussels. Newly appointed European Central Bank head Christine Lagarde makes her first official assessment Thursday, Dec. 12, 2019 of the mixed bag that is the eurozone economy, which suffers from slowing manufacturing and global trade even as consumer spending helps prop up growth. (AP Photo/Francisco Seco, File)
December 12, 2019 - 7:46 am

European Central Bank keeps rates low as Lagarde takes helm

FRANKFURT, Germany (AP) — The European Central Bank has left its key interest rate benchmarks and stimulus programs unchanged. The decision came Thursday at a meeting of the bank’s officials at its headquarters in Frankfurt, Germany. It follows a similar one by the U.S. Federal Reserve this week to...
Read More
FILE - In this Wednesday, Sept. 4, 2019 file photo, incoming President of the European Central Bank Christine Lagarde speaks to the European Parliament's Economic and Monetary Affairs Committee in Brussels. Newly appointed European Central Bank head Christine Lagarde makes her first official assessment Thursday, Dec. 12, 2019 of the mixed bag that is the eurozone economy, which suffers from slowing manufacturing and global trade even as consumer spending helps prop up growth. (AP Photo/Francisco Seco, File)
December 12, 2019 - 6:51 am

New European Central Bank chief holds her first rate meeting

FRANKFURT, Germany (AP) — Newly appointed European Central Bank head Christine Lagarde makes her first official assessment Thursday of the mixed bag that is the eurozone economy, which suffers from slowing manufacturing and global trade even as consumer spending helps prop up growth. Analysts think...
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New President of European Central Bank Christine Lagarde arrives to a Finance Ministers Eurogroup meeting at the European Council headquarters in Brussels, Friday, Nov. 8, 2019. (AP Photo/Francisco Seco)
December 12, 2019 - 6:05 am

New European Central Bank chief holds her first rate meeting

FRANKFURT, Germany (AP) — Newly appointed European Central Bank head Christine Lagarde makes her first official assessment Thursday of the mixed bag that is the eurozone economy, which suffers from slowing manufacturing and global trade even as consumer spending helps prop up growth. Analysts think...
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