The European Central Bank (ECB), encouraged by slowing inflation, could pave the way this Thursday for an interest rate cut starting in June. Christine Lagardethe president of the ECB, said in March that the guardians of the euro did not have “enough confidence” to consider easing their monetary policy. But now they have reason to […]
Tag: Eurozone
Inflation in the eurozone fell to 2.9% in October, its lowest level since July 2021
The interannual inflation rate of the eurozone fell to 2.9% in October, which was the lowest figure since July 2021, as reported this Friday by the community statistics office Eurostat, which, in this way, confirms the preliminary estimate published last October 31. The community statistics office also reported today that annual inflation in the European […]
European Union cuts growth forecast for 2023
The European Union (EU) This Wednesday, it reduced its expectation of growth of the Gross Domestic Product (GDP) for 2023, while revising the increase in its expectation of the inflation for next year. In its autumn report, the European Comission (the executive arm of the EU) noted that GDP growth in the euro zone in […]
Inflation in the euro area picked up one tenth in April to 7%
The rate of inflation The annual rate in the euro zone increased one tenth in April in relation to March, up to 7.0%, driven above all by the increases in food prices, according to the preliminary estimate released today by the Eurostat community statistics office. According to the report collected by EFE, the rate was […]
Inflation hurts growth and eurozone finance ministers are concerned
Updated on 02/02/2022 02:28 pm Rising inflation is hurting growth in the eurozone and finance ministers are naturally concerned, Prime Minister Paschal Donohoe told the European Parliament’s economic committee on Wednesday. Euro zone inflation rose to a new record high of 5.1% year-on-year in December, defying expectations of a big drop and adding to doubts […]
The Eurogroup expects inflation to decrease progressively this year
Updated on 01/17/2022 06:17 pm The Ministers of Economy and Finance of the eurozone They estimated that the general increase in prices will begin to decrease progressively throughout 2022, although they recognized that the highest peaks of inflation will continue for a longer period than they forecast last year. This was stated by the president […]
Ómicron slows the economic rebound in the eurozone; inflation touches all-time highs
Economic confidence in the euro zone fell more than expected last month, while inflation hit another record, indicating that the economy is under further stress as rising coronavirus infections force governments to tighten restrictions. At a time when infections are breaking almost daily records as the omicron variant spreads across Europe, growth is likely to […]