ecb
Inflation in the eurozone rose again in July, defying economist expectations and raising some questions about the feasibility of rapid interest rate cuts by the European Central Bank. The harmonised index of consumer prices in the eurozone increased by 2.6% year-on-year in July, slightly up from 2.5% in the previous month, according to preliminary estimates from Eurostat released on Tuesday. Notably, the July annual inflation rate exceeded predictions of a drop to 2.4%. Energy costs were a significant driver, with prices rising 1.3% on a monthly basis, a sharp increase from the 0.2% rise in Ju...
Euronews (English)
Sentiment among German companies worsened more than anticipated in July, marking the second consecutive monthly decline, the ifo Institute reported on Thursday. The monthly survey, which includes around 9,000 German firms in manufacturing, services, trade, and construction, showed the Business Climate Index dropping from 88.6 points in June to 87 in July, missing economists' forecasts of a rise to 88.9. This overall decline in business confidence was driven by deteriorations in both current conditions and business expectations for the next six months. The expectations gauge fell to 86.9 in Jul...
Euronews (English)
The European Central Bank (ECB) has kept interest rates unchanged as inflation worries in the 20-member eurozone persist. The decision by the central bank's Governing Council on Thursday had been widely expected by economists, who are forecasting a cut at the next meeting in September. The main refinancing rate holds firm at 4.25%, while the deposit rate, which banks receive for funds parked at the ECB, remains at 3.75%. "The Governing Council is determined to ensure that inflation returns to its 2 percent medium-term target in a timely manner," the ECB said. "It will keep policy rates suffici...
DPA International
The European Central Bank (ECB) has kept interest rates unchanged as inflation worries in the 20-member eurozone persist. The decision by the central bank's Governing Council on Thursday had been widely expected by economists, who are forecasting a cut at the next meeting in September. The main refinancing rate holds firm at 4.25%, while the deposit rate, which banks receive for funds parked at the ECB, remains at 3.75%. "The Governing Council is determined to ensure that inflation returns to its 2 percent medium-term target in a timely manner," the ECB said. "It will keep policy rates suffici...
DPA
The European Central Bank (ECB) has kept interest rates unchanged as inflation worries in the 20-member eurozone persist. The decision by the central bank's Governing Council on Thursday had been widely expected by economists, who are forecasting a cut at the next meeting in September. The main refinancing rate holds firm at 4.25%, while the deposit rate, which banks receive for funds parked at the ECB, remains at 3.75%. "The Governing Council is determined to ensure that inflation returns to its 2 percent medium-term target in a timely manner," the ECB said. "It will keep policy rates suffici...
DPA Breaking News
The European Central Bank keeps interest rates unchanged as inflation worries persist.
DPA Breaking News
The European Central Bank (ECB) has kept interest rates unchanged as inflation worries in the 20-member eurozone persist. The main refinancing rate holds firm at 4.25%, while the deposit rate, which banks receive for funds parked at the ECB, remains at 3.75%. The decision by the central bank's Governing Council on Thursday had been widely expected by economists, who are forecasting a cut at the next meeting in September. The eurozone's annual inflation rate was 2.5% in June, a fall from 2.6% in May, but still above the ECB's target of maintaining price stability around 2%. Additionally, core i...
DPA Breaking News
The European Central Bank (ECB) has kept interest rates unchanged as inflation worries in the 20-member eurozone persist. The main refinancing rate holds firm at 4.25%, while the deposit rate, which banks receive for funds parked at the ECB, remains at 3.75%. The decision by the central bank's Governing Council on Thursday had been widely expected by economists, who are forecasting a cut at the next meeting in September. The eurozone's annual inflation rate was 2.5% in June, a fall from 2.6% in May, but still above the ECB's target of maintaining price stability around 2%. Additionally, core i...
DPA
The European Central Bank (ECB) has kept interest rates unchanged as inflation worries in the 20-member eurozone persist. The main refinancing rate holds firm at 4.25%, while the deposit rate, which banks receive for funds parked at the ECB, remains at 3.75%. The decision by the central bank's Governing Council on Thursday had been widely expected by economists, who are forecasting a cut at the next meeting in September. The eurozone's annual inflation rate was 2.5% in June, a fall from 2.6% in May, but still above the ECB's target of maintaining price stability around 2%. Additionally, core i...
DPA International
The ECB announced its latest monetary policy decision at its 18 July meeting and has kept its key interest rates the same. The interest rate on the main refinancing operations, which is the rate banks pay when they borrow money from the ECB for one week, was kept at 4.25%. The rate on the deposit facility, which banks can use to make overnight deposits with the Eurosystem, was held at 3.75% - and the rate on the marginal lending facility, which offers overnight credit to banks from the Eurosystem, remains at 4.50%. Factors supporting the ECB's decision to hold rates steadyPolicymakers have emp...
Euronews (English)
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