“Europe is not in recession,” Lagarde said Wednesday at an event in Washington, adding that “we never had such a positive employment situation.”
Lagarde also said that wages — which are closely watched by central bankers — have so far avoided staging so-called second round effects that would threaten entrench elevated inflation for longer.
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Business Maverick: UK Markets Roiled by BOE as 10-Year Yield Jumps to 2008 HighThe selloff in long-maturity UK bonds picked up speed after the Bank of England damped hopes of more bond buying next week to help restore calm to a fragile market.
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Business Maverick: Singapore Air won’t fire pregnant flight attendants anymoreThe airline said cabin crew who fall pregnant can remain employees, after a local newspaper reported the carrier has dropped its longstanding policy of firing them.
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