https://sputnikglobe.com/20230916/ecb-chief-seizes-cell-phones-from-ruling-council-to-prevent-information-leaks---reports-1113422800.html

ECB Chief Seizes Cell Phones From Ruling Council to Prevent Information Leaks - Reports

ECB Chief Seizes Cell Phones From Ruling Council to Prevent Information Leaks - Reports

Sputnik International

European Central Bank (ECB) President Christine Lagarde has seized the cell phones of 26 members of the Governing Council in an unprecedented move to prevent information leaks, a British news agency reported on Saturday, citing sources.

2023-09-16T17:17+0000

2023-09-16T17:17+0000

2023-09-16T17:17+0000

world

christine lagarde

europe

the european central bank (ecb)

info leaks

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The move came ahead of the vote to pick the ECB's top banking supervisor and were returned after the appointment of Deutsche Bundesbank Vice-President Claudia Buch to the position, the sources said. The decision to seize the phones was made a day after the news agency reported that the bank would raise its key inflation forecast. The report had an impact on the forecasts of many economists, who were expecting no interest rate hike from the ECB, the report said. On Thursday, the ECB unexpectedly raised its benchmark interest rate by 25 basis points to 4.5% per annum, a new all-time high, the regulator announced.

https://sputnikglobe.com/20230901/stagflation-threat-looms-over-euro-zone-amid-dismal-growth--stubborn-inflation-1113036327.html

2023

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european central bank (ecb), christine lagarde, interest rate, interest rate benchmark, information leaks