European Central Bank expected to hold rates amid slow economy activity
The European Central Bank is poised to maintain current interest rates on Thursday, given the swifter-than-anticipated slowdown in economic activity across the euro area. Consumers in the region are showing restraint in their spending due to inflation eroding their disposable income, and the manufacturing sector has been on a declining trend since roughly mid-2022. While […]
Christine Lagarde issues warning on enduring inflation risks owing to falling global economy
Christine Lagarde, the leader of the European Central Bank, has cautioned about the potential enduring consequences of the recent global economic upheaval, addressing the US Federal Reserve annual conference in Jackson Hole, Wyoming. She emphasized that this turbulence could result in a prolonged elevation of inflationary pressures beyond the typical levels, thus intricately complicating the […]
ECB survey shows consumer inflation expectations for coming 12 months fell to 3.4%
Consumer anticipations regarding eurozone inflation experienced a decrease, although they remained higher than the European Central Bank’s (ECB) established target of 2 percent in June based on the latest ECB survey data. As indicated by the ECB’s monthly survey today, projections for the upcoming 12 months fell to 3.4 percent from May’s 3.9 percent. Over […]
European Central Bank on high alert as financial turmoil escalates
The European Central Bank (ECB) is watching for signs of stress in the banking sector as financial turmoil continues to escalate, raising concerns of a potential full-blown crisis. Europe’s top brass takes relaxed view on market jitters The ongoing struggles faced by the banking sector have led to doubts among investors about the ECB’s ability […]
