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European Central Bank

Central bank for the euro

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European Central Bank: Central bank for the euro
The European Central Bank (ECB) is the central bank for the euro and administers monetary policy within the Eurozone, which comprises 19 member states of the European Union and is one of the largest monetary areas in the world. Established by the Treaty of Amsterdam, the ECB is one of the world's most important central banks and serves as one of seven institutions of the European Union, being enshrined in the Treaty on European Union (TEU). The bank's capital stock is owned by all 28 central banks of each EU member state. The current President of the ECB is Christine Lagarde. Headquartered in Frankfurt, Germany, the bank formerly occupied the Eurotower prior to the construction of its new seat.

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Germany's Schaeuble calls on Lagarde to respect ECB's 'limited mandate'

Former German finance minister Wolfgang Schaeuble told Reuters in an interview he expects new European Central Bank President Christine Lagarde to implement a "very sensible" monetary policy that..
Reuters - Published

Christine Lagarde: The "60 Minutes" interview

As she leaves her position as head of the International Monetary Fund to run the European Central Bank, Christine Lagarde tells John Dickerson about the possible signs of a global recession.
CBS News - Published

Videos for European Central Bank


IMF cuts euro zone forecasts, as Germany slows [Video]IMF cuts euro zone forecasts, as Germany slows

Growth in the euro zone and its biggest economy, Germany, is set to slow more than expected, according to the IMF. David Pollard reports.

Credit: Reuters Studio     Duration: 01:25Published

European central bank: Draghi hands over to Lagarde [Video]European central bank: Draghi hands over to Lagarde

French president and German chancellor on Monday lauded Mario Draghi for defending 'the European dream' in face of opposition as he handed over divided ECB to Christine Lagarde.

Credit: Al Jazeera STUDIO     Duration: 02:28Published

Mario Draghi's final ECB meeting [Video]Mario Draghi's final ECB meeting

Mario Draghi's final assessment on the state of the eurozone economy.

Credit: euronews (in English)     Duration: 01:10Published

Global econ: Oz rate cut, PMIs compound gloom [Video]Global econ: Oz rate cut, PMIs compound gloom

Australia cut rates for a third time this year on Tuesday as it acknowledged that global risks were threatening its nearly three decades of uninterrupted growth. And, as David Pollard reports, key PMI..

Credit: Reuters Studio     Duration: 01:48Published

Central banks keep markets guessing [Video]Central banks keep markets guessing

Markets were struggling to digest a raft of central bank policy decisions on Thursday, after the U.S. Fed cut rates, the BOJ and the BOE kept their powder dry - but Norway hiked. David Pollard reports.

Credit: Reuters Studio     Duration: 01:33Published

Christine Lagarde gets European Parliament approval as next ECB chief [Video]Christine Lagarde gets European Parliament approval as next ECB chief

With 394 MEPs in favour and 206 against Christine Lagarde won the European Parliament approval to lead the European Central Bank.

Credit: euronews (in English)     Duration: 01:40Published

Lagarde wins EU lawmakers' approval to lead ECB [Video]Lagarde wins EU lawmakers' approval to lead ECB

The European Parliament backed Christine Lagarde on Tuesday as the next president of the European Central Bank, paving the way for her to become the first woman to hold the post. David Pollard reports.

Credit: Reuters Studio     Duration: 01:30Published

 

ECB must dispel impression of arrogance: Lautenschlaeger

The European Central Bank needs to simplify its message and take it directly to the people to dispel a growing perception that it is part of an arrogant elite, outgoing board member Sabine..
Reuters - Published

Christine Lagarde on President Trump's tweets

"Market stability should not be the subject of a tweet here or a tweet there." Christine Lagarde, incoming head of the European Central Bank, on what she would say to President Trump about the global..
CBS News - Published

President Trump’s “tweet here, or a tweet there” is no way to treat financial markets says Christine Lagarde

“Market stability should not be the subject of a tweet here or a tweet there.” Christine Lagarde, incoming head of the European Central Bank, on what she would say to President Trump about the..
CBS News - Published

EU leaders confirm Christine Lagarde's appointment as head of ECB

European Union leaders confirmed on Friday the appointment of Christine Lagarde as the new chief of the European Central Bank, replacing Mario Draghi from November 1.
Reuters - Published

Brexit turmoil has quietened other countries' calls to quit EU: ECB's Villeroy

Britain's turbulent experience divorcing from the European Union means there are no longer questions about other countries trying to leave the bloc, ECB policymaker Francois Villeroy de Galhau said on..
Reuters - Published

Lagarde wins EU lawmakers' approval to lead ECB

The European Parliament backed Christine Lagarde on Tuesday as the next president of the European Central Bank, paving the way for her to become the first woman to hold the post.
Reuters - Published

Finland's central banker Rehn pulls out from IMF chief vote

Finnish central bank governor Olli Rehn, an European Central Bank's board member, on Friday pulled out from the vote between EU leaders to choose a European candidate to lead the International Monetary..
Reuters - Published

No technocrat, Lagarde brings listening, diplomacy to ECB table

Christine Lagarde will raise the profile of the European Central Bank, making it a more politically-savvy institution that takes its message directly to the people. However policy innovation, the..
Reuters - Published

Lagarde's ECB nomination thrusts IMF into early succession race

The nomination of Christine Lagarde as European Central Bank president on Tuesday has thrust the International Monetary Fund into an early, unanticipated search for a new leader amid a raging trade war..
Reuters - Published

EU leaders choose France's Lagarde for ECB after marathon summit

European Union leaders agreed on Tuesday to name France's Christine Lagarde as the new head of the European Central Bank and sealed a deal on filling the EU's other top four jobs after marathon talks..
Reuters - Published

PM Conte says Italy will receive competition portfolio in next EU Commission

Prime Minister Giuseppe Conte said on Tuesday Italy would receive the influential competition portfolio in the next European Commission, adding he was confident his nation would also obtain a post on..
Reuters - Published

Lagarde to rely on political skill to overcome shortcomings at ECB

A shrewd negotiator who has run the IMF but has little monetary policy experience, Christine Lagarde will face the challenge as the European Central Bank's new chief of having to revive the euro zone..
Reuters - Published

EU leaders agree on France's Lagarde to lead ECB

European Union leaders agreed on Tuesday to name Frenchwoman Christine Lagarde as the new head of the European Central Bank and sealed a deal on filling the other four top jobs in the bloc after..
Reuters - Published

Lagarde to relinquish IMF duties during ECB nomination period

International Monetary Fund Managing Director Christine Lagarde said on Tuesday she is "honored" to be nominated for the European Central Bank presidency and will temporarily relinquish her IMF..
Reuters - Published

EU leaders' tentative deal on top jobs hits opposition in parliament

French President Emmanuel Macron sought to break a deadlock over the EU's top jobs on Tuesday by proposing France's Christine Lagarde, now head of the International Monetary Fund (IMF), to lead the..
Reuters - Published

Lagarde seen in pole position to replace ECB's Draghi

A shrewd negotiator who has run the IMF but has little monetary policy experience, Christine Lagarde would face the challenge as the European Central Bank's new chief of having to revive the euro zone..
Reuters - Published

Macron proposes Lagarde to head ECB in push to end EU jobs deadlock

President Emmanuel Macron sought to break a deadlock on Tuesday over assigning the EU's top jobs by proposing France's Christine Lagarde, now head of the International Monetary Fund (IMF), to lead the..
Reuters - Published

France and Germany eye Lagarde for ECB and Von der Leyen for EC president: sources

German defense minister Ursula von der Leyen may end up as European Commission President while IMF head Christine Lagarde may become new president of the European Central Bank following an agreement..
Reuters - Published

Timmermans faces Eastern resistance for top EU job; search for ECB head postponed

Dutch socialist Frans Timmermans has emerged as the favorite to be named the EU's next chief executive, diplomats and officials said on Sunday ahead of a summit in Brussels, but faces resistance from..
Reuters - Published

France's Macron sees three EU posts decided at Summit, ECB later

French President Emmanuel Macron said that three of the European Union's top positions should be decided at a meeting of EU leaders on Sunday, with a decision on the next head of the European Central..
Reuters - Published

Factbox: First woman to head the ECB? Not likely now, but here are some who could

The head of the European Central Bank, Mario Draghi, steps down at the end of October and the 19 euro zone countries are now looking for his replacement. The shortlists of likely candidates are almost..
Reuters - Published

Euro zone bank profitability may weaken on slowdown: ECB

Profitability across the euro zone bank sector is low and weakening growth could further dampen the sector's prospects, European Central Bank Vice President Luis de Guindos said on Tuesday.
Reuters - Published

Macron derides Weidmann's 'belated' support for ECB's bond program

French President Emmanuel Macron derided Bundesbank President Jens Weidmann's "belated" support for a European Central Bank program of government bond purchases, amid talk of the German running to..
Reuters - Published

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