After an initial slow start withdrawing easy money last year, the central bank began raising interest rates in July. Since then, it has undertaken the fastest pace of monetary tightening […]
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Back to news homePrice Gains Ease in Europe but Core Inflation Keeps Policymakers ‘Up at Night’
A new year has brought Europe a little bit of good fortune. Unusually mild, even warm, weather has helped pull down natural gas prices after they soared for much of […]
Inflation in Europe Reaches a Record 10.7% as Officials Face Hard Options
Despite rapid interest rate increases by the European Central Bank, more than half of the 19 eurozone countries see double-digit rises in consumer prices. Read More
European Central Bank Raises Interest Rates Again
Policymakers on Thursday approved another hefty rate increase to corral prices that have risen “far too high.” Read More
Eurozone Inflation Sets Another Record, Hitting 10 Percent in September
Month by aching month, surging energy prices are exacting a worsening toll on the living standards of millions of Europeans.The European Commission reported on Friday that consumer prices in the […]
Central Banks Raise Interest Rates, Fearing Worse Pain Later
A day after the Federal Reserve lifted interest rates sharply and signaled more to come, central banks across Asia and Europe followed suit on Thursday, waging their own campaigns to […]
Shock Waves Hit the Global Economy, Posing Grave Risk to Europe
Russia’s invasion of Ukraine and the continuing effects of the pandemic have hobbled countries around the globe, but the relentless series of crises has hit Europe the hardest, causing the […]
Inflation Tightens Its Grip on Europe
At the Saku beer factory in Estonia, the mammoth copper brew kettles sit side by side like household sink plungers stored on a shelf in a manor house for giants. […]
Italy Is Haunted by the Pain of Past Economic Crises
TREVISO, Italy — In the flat plains of Italy’s Veneto region, in a small town about 20 miles north of Venice, Antonio Carpenedo has been developing unusual methods of making […]
Global Central Banks Ramp Up Inflation Fight
Central bankers around the world are lifting interest rates at an aggressive clip as rapid inflation persists and seeps into a broad array of goods and services, setting the global […]