The annual rate of inflation fell to 5.5 percent in June, compared with 6.1 percent the month before. But “core” inflation edged higher.
Category: Eurozone
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Eurozone Inflation Slows, but Underlying Price Pressures Persist
The annual rate of inflation fell to 5.5 percent in June, compared with 6.1 percent the month before. But “core” inflation edged higher.
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Europe’s Inflation Issue Moves Into a New Phase: From Profits to Wages
The European Central Bank expects to bring down inflation, with a big caveat: Companies need to let profits fall as they pay for higher wages.
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European Central Bank Raises Interest Rates to Highest Level Since 2001
Inflation is “projected to remain too high for too long,” the central bank said as it raised interest rates by a quarter-point, its eighth consecutive increase.
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Eurozone Slipped Into Recession Early in the Year
A weak recovery has been underway since then, but growth is expected to remain tepid for the remainder of the year.
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Eurozone Inflation Rate Falls to 6.1 Percent in May
The rate of price increases slowed to an annual rate of 6.1 percent in May, but food costs continued to keep inflation uncomfortably high.
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European Central Bank Raises Rates Again, but Only a Quarter Point
The bank said “underlying price pressures remain strong” in the eurozone, where the annual inflation rate reached 7 percent last month.
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JPMorgan Chase Emerges as Buyer for First Republic Bank
The lending giant’s shares jumped on the news that it is buying First Republic. But investors are watching to see if the deal ends the regional banking crisis.
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The Eurozone Economy Shows Signs of Modest Growth
The countries that use the euro recorded economic expansion of 0.1 percent in the first quarter, a slight improvement over the previous quarter’s flat output.
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Trump’s Indictment and What’s Next
The New York Times – Business:The fallout will be widespread, with ramifications for the 2024 presidential race, policymaking and more.
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Eurozone Inflation Falls to 6.9%, as Energy Prices Ease
The New York Times – Business:The rate of inflation in countries using the euro slipped to 6.9 percent in the year through March, from 8.5 percent the previous month, but underlying price gains edged higher.
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As Banking Worries Swirl, Europe’s Policymakers Express Confidence, With Caution
The New York Times – Business:Officials say eurozone lenders are strictly supervised and continue to be strong. But at a recent conference, wariness about the future remained.