European Commission will disburse 390 billion in grants and 360 billion in cheap loans to member countries based on criteria, ECB President Lagarde said she would have preferred a greater proportion of grants over loans, in line with the Commission's original proposal
1 min read22 Jul 2020European Central Bank President Christine Lagarde said she won’t let monetary policy be constrained as she fights to support the euro area’s economic recovery from the coronavirus crisisShe said the central bank currently expects to spend the full amount of its pandemic bond-buying program
3 min read16 Jul 2020Any new strategy must be based on a quantitative analysis to explain why it consistently failed to achieve its inflation goals
4 min read10 Feb 2020The bank left its deposit rate at minus 0.5% and its main refinancing rate at zeroAnalysts will look for signals on how she will manage dissent on the ECB's 25-member governing council
2 min read12 Dec 2019The former International Monetary Fund chief, 63, will take over from departing ECB president Mario Draghi on 1 NovDraghi leaves Lagarde, a former French finance minister and a successful corporate lawyer, with a tough task ahead in steering the single currency bloc
1 min read18 Oct 2019The resignation will be effective September 12, the fund said in a statement in Washington TuesdaySince being nominated for the top ECB spot in July, Lagarde took a step back from her duties
1 min read16 Jul 2019While Lagarde may not have top-tier academic credentials, she is reputed to have the diplomatic skills needed to forge a consensus on what’s best for everybody
1 min read4 Jul 2019Says the exchange of tariffs between the United States and China will put the brakes on growth in both countries"The goal must be to help, not stand in the way of global growth," urges the IMF MD
2 min read5 Jun 2019Lagarde says the arrangement will prolong uncertainty and won't resolve the issues between Britain and the EUBrexit delay gives time for continued discussions between the various parties involved in the UK, says IMF chief
1 min read11 Apr 2019Lagarde said the IMF next week was due to cut its global growth forecasts even further than it had in JanuaryGloom about slowing growth in Asia, Europe and the United States, as well as the protected US-China trade war, have sparked periodic jitters on markets since last year
2 min read2 Apr 2019The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared