Emphasis continues as long as needed The final stages of the ECB’s interest rate hike are the focus, with core inflation subdued and underlying price pressures stubbornly increasing. Most economic analysts expect central bank officials to temporarily stop raising interest rates after next month’s meeting after the deposit rate reaches 3.75%, although money markets expect … Read more
Efforts to Curb Inflation in Europe In recent news, concerns about rising inflation in Europe have prompted efforts to curb its impact on the economy. The European Central Bank (ECB) and various financial institutions are taking measures to address this issue and maintain stability. Isabel Schnabel, a member of the ECB’s governing board, has warned … Read more
EFinally the Austrian Raiffeisenbank International (RBI) is going on the offensive. The pressure from the public and the shareholders, which was built up primarily by Ukraine and most recently also by the European Central Bank, was too strong. The bank may part with its business in Russia. Now RBI boss Johann Strobl gave in to … Read more
The global financial markets have been gripped by fear as the escalating COVID-19 pandemic threatens to send the world economy into a deep recession. The eurozone has not been spared, and investors have become increasingly concerned about the stability of its banking sector. Despite the recent plunge in bank shares, EU leaders have been quick … Read more
Shares in Deutsche Bank, Germany’s largest, closed sharply lower Friday, amounting to 8.5%, as the high cost of insuring against default risks raised concerns about the resilience of European banks. The stock closed at a loss of 8.53%, settling at 8.54 euros, after losing as much as 14% during the day, in the third consecutive … Read more
The European Central Bank (ECB) is reportedly gearing up to increase interest rates in the near future, despite significant turbulence in the banking sector. Recent months have seen several major banks struggling with financial difficulties, with some even facing collapse, prompting concerns about the stability of the financial system. As a result, the ECB’s potential … Read more
The inflation target is ambitious Fed officials said they are keeping a close eye on key economic indicators, but investors should expect the numbers to remain mixed even with lower inflation, according to Chris Harvey, head of equity strategy at Wells Fargo. “We’re in a good position that the economy hasn’t cracked,” he said on … Read more
Inflation data for the 20-country eurozone is expected to be announced tomorrow, Thursday, and economists expect inflation to slow to 8.3% from 8.6%, while core inflation, which has been of interest to European Central officials recently and excludes volatile energy and food costs, is likely to remain at a record level. It is 5.3%. When … Read more
There are moments when it is impossible not to stop and look back. These days I have gone back to 2005 and I have seen the European United Kingdom where many young Spaniards went to study or start working. The disastrous miscalculation of David Cameron He brought the brexit. This summer I will return there, … Read more
(Original title: Lagarde hawks again: The next meeting will raise interest rates sharply and stick to the 2% inflation target) Zhitong Finance APP learned that European Central Bank President Christine Lagarde said that the European Central Bank will take all necessary measures to restore inflation to the target level, and pointed out that it will … Read more