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Added on the 03/02/2022 15:20:29 - Copyright : AFPTV - First images
The European Central Bank President, Christine Lagarde, warns governments against adding to their public debt, as they look to ease the pressure on households and businesses from soaring energy costs. "Governments should pursue fiscal policies that show they are committed to gradually bringing down high public debt ratios," she says during a news conference, adding that policymakers should pick measures that are "temporary and targeted at the most vulnerable". SOUNDBITE
Inflation in the Eurozone will "last longer than originally expected" but decline over the course of 2022, as energy price rises and bottlenecks ease, says ECB President Christine Lagarde. SOUNDBITE
The Bank of England holds its interest rate at a 16-year high, insisting it was not yet the right time to cut with inflation staying high despite a fall to just above three percent. "That's encouraging. But we are not yet at a point where we can cut bank rates," he tells a press conference. IMAGES
Eurozone inflation "dropped markedly" in September but is still expected to remain "too high for too long", European Central Bank President Christine Lagarde tells the press in Athens, whilst announcing that the ECB was holding interest rates steady. Policymakers had raised rates at each of their last 10 meetings as they sought to rein in soaring inflation driven in large part by surging energy prices in the wake of Russia's invasion of Ukraine. SOUNDBITE
European Central Bank President Christine Lagarde says Eurozone inflation is slowing but is still expected to be "too high for too long", as the ECB raises interest rates for the ninth consecutive time. SOUNDBITE
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