Thursday

7th Jul 2022

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Lagarde: ECB likely to end negative rates by September

The European Central Bank is "likely" on track to lift its main policy rate back to zero by the end of September, president Christine Lagarde wrote in a blog on Monday. Lagarde is facing pressure from some of its more hawkish governing council members, including the Dutch Klaas Knot, to exit its loose monetary policy to tackle inflation. However, she said gradual quarter-point rises were "a prudent strategy under uncertainty."

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Johnson quits, leaving Brexit headaches to successor

British prime minister Boris Johnson has resigned as Conservative party leader, starting a race among Conservative MPs to replace him as prime minister but leaving a range of issues — Brexit, Northern Ireland, and Scottish independence — for his successor.

Is Orban holding out an olive branch to EPP?

It is Tibor Navracsics, an ex-EU commissioner and minister without portfolio in Orban's new government, who was reportedly picked to work on closer relations between Fidesz and the European People's Party.

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