Felix Bauer
Lagarde clarifies Europe's role in global trade imbalances
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In opening remarks at the 40th Annual G30 International Banking Seminar in Washington DC, ECB President Christine Lagarde defended Europe's position amid debates on global economic imbalances. She argued that the euro area's current account surplus is declining and not a primary driver of worldwide deficits. Lagarde urged stronger transatlantic partnerships over coercive trade measures.
ECB president delivers statement on euro area economy at IMFC meeting
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Christine Lagarde, President of the European Central Bank, presented a statement at the International Monetary and Financial Committee meeting on October 17, 2025, highlighting subdued but steady global economic activity amid trade headwinds. She noted the ECB's unchanged key interest rates and projections for moderate growth and inflation in the euro area. The outlook emphasizes resilience in services and labor markets, balanced against geopolitical and trade uncertainties.