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David MchughSalon |
But President Christine Lagarde also suggested a rate cut was now on the table, saying that it could be "appropriate to reduce the current level of...
But analysts say the decline from 2.6% in February, though welcome, would likely not be enough to move up the first interest rate cut from the ECB.
Unemployment is low, and the IMF sees Russia's economy growing 2.6% this year, versus just 0.9% for the Eurozone.
There likely won't be an interest rate cut at the European Central Bank's meeting Thursday.
Prices spiked after Russia cut off most supplies of natural gas to Europe, sending energy prices through the roof.
Germany's economy shrank 0.3% last year and it now sees anemic growth of just 0.2% for 2024, Vice Chancellor Robert Habeck said.
The zero growth figure follows a 0.1% contraction in the three months before that, according to figures released by the EU's Eurostat.
Lagarde has said the benchmark rate will need to stay at a record high for “as long as necessary” to unequivocally squelch inflation.
The shoe and sports clothing company cut ties with the rapper, now known as Ye, in October 2022 after he made antisemitic remarks online.
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