ECB's Lagarde: Higher funding costs are weighing on banks' profitability
Welcome to the page dedicated to Christine Lagarde, the President of the European Central Bank (ECB) and Chair of the European Systemic Risk Board. Lagarde has been a prominent figure in the world of finance and economics, leading the ECB in its efforts to maintain price stability and ensure the smooth functioning of the euro area economy.
In her recent remarks at the seventh annual conference, Lagarde highlighted the challenges faced by banks due to higher funding costs, which are impacting their profitability. This issue has caught the attention of the ECB, as it plays a crucial role in maintaining financial stability and supporting the overall economic growth.
Stay updated with the latest news and updates on Christine Lagarde's initiatives and insights by visiting this page regularly.