Frankfurt (dpa) European Central Bank Executive Council member Isabel Schnabel said interest rates should be moved to bring inflation to the target, according to Bloomberg News. Schnabel said in an interview published yesterday that the risk of exaggerating policies on the part of the European Central Bank “is still limited, as real interest rates are … Read more
Publicly, BoE officials see that the UK is already in recession. Officials at the European Central Bank assume that the eurozone has entered recession this quarter. The economies of both the UK and the Eurozone have been hit by rising energy costs as a result of Russia’s invasion of Ukraine. The United States is less … Read more
The rate of inflation slowed down Euro-zone In November, it was lower than the preliminary reading, which supports the European Central Bank’s hawkish plans to fight price pressures. Consumer prices in the 19-nation single currency area increased by 10.1% from a year earlier, according to Eurostat figures published on Friday. At the same time, it … Read more
Stock indices fell, for the second day in a row, following the decisions of the central banks, all of which were extremely cautious despite the slowdown in inflation. Stock indices fall on the impact of central bank decisions The global stock exchanges, especially the European ones, reacted negatively today, Thursday, to the decisions of European … Read more
Frankfurt (Archyde.com) Inflation in the Eurozone fell by much more than expected in November, boosting hopes that the European Central Bank will ease the pace of rate hikes at its meeting next month.Consumer prices in the 19-nation single currency increased by 10 percent this month after rising 10.6 percent in October. The increase was much … Read more
Head of Economics at the European Central Bank Philip Lane warns that wage increases will be the main driver of higher prices in the coming years. Head of Economics at the European Central Bank Philip Lane The head of the economics department at the European Central Bank, Philip Lane, said today, Friday, that the increase … Read more
Weak corporate activity Data released on Wednesday also revealed a decline in US business activity and an increase in jobless claims as the economy slowed. An indicator of the strength of the US dollar continued its decline on Thursday, continuing the downward trend for the third consecutive day, and European bonds rose as dealers reduced … Read more
The European Central Bank announced Thursday it will raise interest rates to combat inflation, despite mounting concerns about a bleak economic outlook. The bank again raised the three key interest rates by 75 basis points, to range between 1.5 and 2.25 percent. The bank has raised interest rates three times since July, similar to other … Read more