European Central Bank Governor U.S.-China agreement Carefully assessing impact on eurozone economy Jan 24, 0:48
Lagarde, President of the European Central Bank, has been cautious about the economic implications of the euro zone after the United States and China signed a first-stage agreement in protracted trade negotiations.
The European Central Bank, which is in charge of monetary policy in the euro area such as Germany and France, has held a monetary policy council at its headquarters in Frankfurt, Germany.
As a result, it is necessary to determine the impact of the policy such as the interest rate cut decided last September on the economy in the region. The main policy interest rate was set at 0%, and the interest rate when depositing funds from financial institutions was reduced by 0.5%. We have decided to keep each in%.
At a press conference following the Board, President Lagarde noted that the eurozone economy was still at risk, mainly due to the spread of protectionism.
He added that the United States and China signed a first-stage agreement in protracted trade negotiations, saying, "The uncertainty over the future of the global economy has been slightly dispelled, but the impact on the eurozone as a whole has been reduced. Needs to be evaluated. "
On the other hand, he clarified his intention to consider the role that the central bank should play in addressing global warming, which is currently a major issue at the Davos Conference in Switzerland.