ECB to be cautious with emerging currencies

By Agence France-Presse

Oct 25, 2024 12:14 am

WASHINGTON, D.C. — The European Central Bank (ECB) should keep a close eye on the rise in emerging currencies like the Chinese yuan, its president Christine Lagarde said on Wednesday at an event in Washington.

'The role of a currency should never be taken for granted,' the ECB president said during an interview with the Atlantic Council in Washington, on the sidelines of the annual meetings of the International Monetary Fund (IMF) and the World Bank.

CAUTIOUS European Central Bank (ECB) President Christine Lagarde walks inside IMF headquarters during the IMF-World Bank annual Fall meetings in Washington, D.C., on Oct. 24, 2024. Lagarde said the ECB should be ‘attentive and careful’ in the face of emerging currencies like China’s yuan. AFP PHOTO

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