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David MchughSalon |
ECB President Christine Lagarde and other officials have made it clear that a quarter-point rate cut from the current record high of 4% is more...
Members of the producers cartel and allied countries including Russia decided at an online meeting to hold steady its production levels, which include...
Inflation ticked up to an annual 2.6% in Europe in May. That's more than expected as a painful spike in consumer prices takes its time to fade away.
Airbus already is making planes as fast as it can and has a backlog of more than 8,600 orders to fill.
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.
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