The NewsConsumer prices in the eurozone rose 5.3 percent in August compared with a year earlier, sticking at the same pace as the previous month and defying economists’ expectations for […]
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Back to news homeEurope’s Economy Expanded in Spring, and Inflation Has Eased
Economic Growth: The euro area expands, but the gains are uneven.Gross domestic product in the eurozone grew 0.3 percent in the second quarter of 2023, a stronger result than predicted […]
How Inflation and Interest Rates Vary Around the World
From Melbourne to Manchester to Miami, people are struggling under the weight of hefty price increases for the things they buy each day.The worst spike in inflation that many advanced […]
Eurozone Inflation Slows, but Underlying Price Pressures Persist
Why It MattersEurope’s economy, though more resilient than many forecasters had predicted, has still significantly weakened over the past 12 months, with a drop in inflation-adjusted wages and consumer confidence. […]
Top Central Bankers Expect More Rate Increases Amid Stubborn Inflation
Central bankers from the world’s leading economies said on Wednesday that while they had raised interest rates significantly, additional increases would very likely be needed to wrestle inflation back under […]
European Central Bank Raises Interest Rates to Highest Level Since 2001
The European Central Bank raised interest rates to their highest level in more than two decades on Thursday and warned that there was further to go in order to stamp […]
Why Are Food Prices So High in Europe? Sugar, Cheese and Bread Costs Soar
Agricultural and energy costs are falling, but basic items remain stubbornly expensive for consumers.It is the most basic of staple food items: sliced white bread. In Britain, the average price […]
The Eurozone Economy Shows Signs of Modest Growth
Why It Matters: The eurozone economy has regained its footing — for now.Just a few months ago, governments across Europe were braced for the possibility of an outright downturn, as […]
As Banking Worries Swirl, Europe’s Policymakers Express Confidence, With Caution
For a bank, a loss of confidence is a fatal blow. After that occurred at several banks in the United States and Switzerland in the past few weeks, policymakers in […]
Fed Meets as Bank Chaos Collides With Inflation
The Federal Reserve entered 2023 focused on a central goal: wrestling down the rapid inflation that has plagued American consumers since 2021. But over the past two weeks, that job […]