Christine Lagarde

Officials led by President Christine Lagarde lowered the key deposit rate by a quarter-point to 3.75% on Thursday, as expected.

The deposit rate was left at a record-high 4% — as predicted by all economists surveyed by Bloomberg.

Respondents don’t see any more interest-rate hikes and predict the Governing Council will confirm by Jan that a peak has reached

Without specifying a level for the so-called terminal rate, Lagarde said borrowing costs have further to rise.

ECB officials want to reach the so-called neutral rate of interest, which neither stimulates nor restricts the economy.

SINGAPORE (July 8): Christine Lagarde, nominated on July 2 to lead the European Central Bank (ECB), will need all her proven attributes, and help from others, to succeed as the new leader of one of the world’s three most systemically important central b

SINGAPORE (Oct 26): Investors are underestimating risks to the global economy as they drive stock markets to record highs, Singapore’s central bank chief warned.