With the central bank now signaling a higher final interest rate than many market participants expected, “reaching consensus” on next steps “certainly wouldn’t be easier,” Schnabel said. The German official said the European Central Bank had downplayed the importance of continued inflation previously and “didn’t initially take signs of rising inflation seriously enough” because it … Read more
Publicly, BoE officials see that the UK is already in a recession. European Central Bank officials assume that the euro zone has entered a recession this quarter. The economies of the UK and the Eurozone have been hit by rising energy costs following the Russian invasion of Ukraine. The United States is less exposed to … Read more
The rate of inflation has slowed down Eurozone In November, it was lower than the preliminary reading, which supports the European Central Bank’s aggressive plans to combat price pressures. Consumer prices in the 19-nation single-currency area rose 10.1% year-over-year, according to Eurostat data released on Friday. At the same time, it was lower than the … Read more
Stock indexes fell, for the second consecutive day, following the decisions of the central banks, all of which were extremely cautious despite the slowdown in inflation. Stock indexes plunge on the impact of central bank decisions The world stock exchanges, especially the European ones, today, Thursday, reacted negatively to the decisions of the European central … Read more