The inflation rate for the single currency fell in March to 6,9% over a year, according to estimates published Friday by Eurostat. The drop is significant after the 8.5% recorded in February. Energy, one of the main drivers of soaring prices, is stabilizing for the first time in several months. The increase over one year … Read more
Financial markets remain nervous. First there was the collapse of Silicon Valley Bank (SVB), the largest US bank to fall since 2008. Then there was the takeover of Credit Suisse, under the aegis of the government. Despite the repeated assurances European bank stocks continue to be impacted by the current turmoil, with stocks falling again. … Read more
The European stock markets have digested the agreement on the Swiss banks positively. After erasing their initial losses, European banking stocks turned positive again. European policymakers also hailed the emergency takeover of troubled banking giant Credit Suisse by its Swiss counterpart UBS as a decisive step to support the financial system and reassure markets. During … Read more
European Central Bank (ECB) headquarters in Frankfurt am Main, Germany. (Photo: AFP/VNA) vice president European Central Bank (ECB) Luis de Guindos on February 9 warned labor unions to avoid making excessive wage demands, as this could increase inflation. According to Mr. De Guindos, the reason why workers claim salary increase This is due to the … Read more
100 euro denomination coin in Rome, Italy. (Photo: AFP/VNA) February 2nd, European Central Bank (ECB) decided to raise the basic interest rate in the euro area (Eurozone) add 0.5%. This is the bank’s fifth consecutive interest rate hike. After the above decision, the three main interest rates of the ECB, the refinancing rate, the lending … Read more
The International Monetary Fund (IMF) thinks that ASEAN’s economic growth is unlikely to reach the pace of 2022 with an increase of 5.2%, but still emphasizes the “surprising speed” when China opens up again. back the economy. Specifically, the IMF lowered the economic growth forecast for the ASEAN region in 2023 from 4.5% (given in … Read more