In an exclusive interview, European Central Bank President Christine Lagarde emphasized the importance of global cooperation amid ongoing trade uncertainties. She highlighted the challenges faced by central banks worldwide due to fluctuating trade policies and tariff disputes.
“Trade tensions and uncertainties are posing significant challenges to the global economy,” Lagarde stated. “Central banks need to adapt and work together to navigate these uncharted waters.”
Lagarde underscored the strong partnership between the European Central Bank and the People's Bank of China, highlighting how cooperation between the two institutions can help stabilize the global financial system.
“Our collaboration with the PBOC is crucial,” she said. “By working closely, we can support sustainable growth and address common challenges.”
The ECB President also spoke about the broader relationship between China and the European Union, emphasizing the mutual benefits of continued economic ties and dialogue.
“China and the EU share many common interests,” Lagarde noted. “Strengthening our relationship is essential for global prosperity and tackling issues that affect us all.”
Lagarde's remarks come at a time when young people around the world are increasingly affected by economic uncertainties. Her call for unity and cooperation resonates strongly with youths in the Global South, who are keenly aware of the impacts of global financial dynamics.
