By our economics editors Sep 28, 2023 at 8:49 AM Update: 39 minutes ago Many analysts expect the European Central Bank (ECB) to take a break after the series of ten interest rate increases. But Dutch ECB director Frank Elderson thinks that interest rates can rise further in October. The American, British and Swiss central … Read more
By our economics editors Sep 17, 2023 at 12:36 Update: an hour ago It is unlikely that the European Central Bank (ECB) will cut interest rates early next year. Martins Kazaks, president of the Central Bank of Latvia and ECB director, said this at a conference in Santiago de Compostella, Spain. The ECB raised interest … Read more
Construction site home Building is more expensive than it has been for a long time. (Photo: Ingo Bartussek – stock.adobe.com) München Anyone who takes out a construction loan today pays interest that is a good three and a half times as high as before spring 2022. “Another increase, albeit a slight one, is more likely … Read more
According to a survey conducted by HN, Czech businesses and analysts predict that the koruna will weaken by the end of the year. The most common exchange rate expected by entrepreneurs and analysts is 24.50 korunas per euro. The strong domestic currency has been causing significant complications for Czech companies dependent on exports to the … Read more
NEW YORK IG sees the Nasdaq 100, which has been doing much better since the beginning of the year and has recently been weakening, up 0.3 percent at 15,468 points. The interest rate decision by the US Federal Reserve is on the agenda for Wednesday. It is widely expected to raise interest rates again. However, … Read more
Frankfurt/Main Unlike the Dax, the MDax did not make any gains, with the index of medium-sized titles falling by 0.53 percent to 28,231.01 points. The two food suppliers Hellofresh and Delivery Hero suffered losses here. A deteriorating outlook from the world’s largest chip producer TSMC weighed on the semiconductor sector. The shares of the chip … Read more
/nginx/o/2022/04/27/14511909t1h308c.jpg?fit=%2C&ssl=1 "ECB Council Increases Interest Rates for Eighth Consecutive Meeting; Inflation Expected to Remain High")
Title: ECB Raises Interest Rates for Eighth Consecutive Meeting Date: June 21, 2023 The European Central Bank (ECB) has announced an increase in interest rates for the eighth consecutive meeting, with all three rates rising by 0.25 percentage points. This decision comes as the ECB aims to address concerns over inflation and maintain price stability … Read more
NEW YORK Market participants are apparently optimistic that the US Federal Reserve will not raise interest rates further on Wednesday, commented analyst Edward Moya from broker Oanda. After ten increases in a row, bank economists are now also expecting a monetary policy pause due to the cooling economy and the trend towards falling inflation. Another … Read more
The euro zone confounded previous forecasts and contracted for two consecutive quartersdata showed Thursday, as energy shocks, the war in Ukraine, inflation and monetary policy tightening cut into growth momentum over the winter, Politico reported. The data showed the 20-nation currency zone had failed to avoid recession – albeit a very shallow one for now, … Read more
BERLIN – The rail network is partly ailing, the result is unpunctual trains – Minister of Transport Volker Wissing WIESBADEN – German industry slightly expanded its production at the beginning of the second quarter. Total production rose by 0.3 percent in April compared to the previous month, as reported by the Federal Statistical Office in … Read more