{"id":1902655,"date":"2023-03-22T06:57:00","date_gmt":"2023-03-22T10:57:00","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ecb-to-watch-bank-rates-for-signs-of-stress-lagarde-says\/"},"modified":"2023-03-22T07:02:55","modified_gmt":"2023-03-22T11:02:55","slug":"ecb-to-watch-bank-rates-for-signs-of-stress-lagarde-says","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ecb-to-watch-bank-rates-for-signs-of-stress-lagarde-says\/","title":{"rendered":"ECB to watch bank rates for signs of stress, Lagarde says"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fecb-to-watch-bank-rates-for-signs-of-stress-lagarde-says%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1902655&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p> <br \/>\n<?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"entry-content\">\n<p>ECB President Christine Lagarde stated on Wednesday that the central bank&#8217;s recent interest rate hikes are just beginning to show an effect on the economy, but could have a greater impact due to potential banking turmoil. Investors are uncertain about the ECB&#8217;s ability to continue raising rates to combat high inflation, particularly in light of recent turmoil in the banking sector, including the collapse of two US lenders and the need for a last-minute rescue of Swiss giant Credit Suisse.    <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<\/p>\n<p>Lagarde suggested that the ECB&#8217;s moves to increase borrowing costs could have a magnified impact if banks become more hesitant to take risks and start asking for higher rates when lending. This would likely require the central bank to increase its own interest rates by a lesser amount. <\/p>\n<p>Lagarde reaffirmed the ECB&#8217;s commitment to bringing eurozone inflation down to 2% from 8.5%, which was last month&#8217;s figure. She noted that previous rate increases were just beginning to affect the economy. <\/p>\n<p>\u201cFor inflationary pressures to ease, it is important that our monetary policy works robustly in the restrictive direction,\u201d she said. \u201cAnd that process is only starting to take effect now.\u201d<\/p>\n<p>The ECB has boosted the deposit rate it pays to banks by a staggering 350 basis points to 3% since July, and financial markets anticipate that it will rise to 3.5% later this year.<\/p>\n<p>Although the central bank for the 20 countries that share the euro zone raised rates last week, it removed a message from its policy statement that indicated it would raise rates during upcoming meetings in light of recent financial jitters.<\/p>\n<p>Eurozone inflation has already begun to decline after peaking at 10.6% in October, however, prices that exclude energy are still growing steadily. <\/p>\n<p>ECB Chief Economist Philip Lane, speaking at the same event following Lagarde, claimed that he expects core prices to also ease over time, as lower fuel costs spread to other sectors. However, he warned that this expectation is predicated on wage growth peaking this year. <\/p>\n<p> (Reporting By Francesco Canepa and Balazs Koranyi; Editing by Toby Chopra and Christina Fincher)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/ecb-to-watch-bank\/attachment\/cypriot-president-anastasiades-and-president-of-ecb-lagarde-attend-a\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Freshman Missouri Republican congressman Mark Alford is one of the rising stars in the House Republican conference. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>House Speaker Kevin McCarthy hosted a panel at the annual GOP policy retreat. One America\u2019s Stephanie Myers has the details.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>More colleges and universities are pushing diversity, equity and inclusion.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>In what should be a clear violation of the Constitution and the First Amendment, Democrat senators and congressmen have been caught colluding with big tech to censor One America News.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Upasana Singh and Navya Mittal (Reuters) \u2013 Shares of Latitude Group Holdings slumped to their all-time low on Wednesday after the\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>MOSCOW (Reuters) \u2013 Russian e-commerce firm Ozon said on Wednesday it was appealing the Nasdaq stock exchange\u2019s plan to delist its securities\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Stephen Nellis (Reuters) \u2013 Computing networking pioneer Bob Metcalfe on Wednesday won the industry\u2019s most prestigious prize for the invention of\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Josh Ye (Reuters) -Tencent Holdings reported a drop in annual revenue for the first time ever, as China\u2019s economic slowdown due\u2026 <\/p>\n<\/p><\/div>\n<p><\/p>\n<hr>\n<p>&#8216;From <a href=\"https:\/\/www.oann.com\/business\/ecb-to-watch-bank\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=ecb-to-watch-bank\">&#8220;ECB to watch bank rates for signs of stress, Lagarde says&#8221;<\/a>&#8216;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FRANKFURT (Reuters) -The European Central Bank\u2019s interest rate increases are just starting to take effect on the economy but their effect may become stronger as a result of banking turmoil, ECB President Christine Lagarde said on Wednesday. Investors are pondering whether the ECB will be able to continue raising rates to fight high inflation despite<\/p>\n","protected":false},"author":66,"featured_media":1902657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[5373,21081,22433,6009,3785,5625,4516],"class_list":["post-1902655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-bank","tag-ecb","tag-lagarde","tag-rates","tag-signs","tag-stress","tag-watch"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1902655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1902655"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1902655\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1902657"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1902655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1902655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1902655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}