The bank said some price pressures were easing, but that “underlying inflation remains high overall,” as it raised rates a quarter percentage point.
Category: Lagarde, Christine
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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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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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Top Central Bankers Expect More Rate Increases Amid Stubborn Inflation
The heads of the Federal Reserve, European Central Bank and Bank of England said that while inflation was moderating somewhat there was still more work to be done.
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Inflation Is Proving Persistent as It Moves Through the Eurozone Economy
Christine Lagarde, the president of the European Central Bank, called for more “more persistent policy” to stifle price rises.
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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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Price Gains Ease in Europe but Core Inflation Keeps Policymakers ‘Up at Night’
The New York Times – Business:Declines in overall inflation rates may bring comfort to consumers, but central bankers are still wary of drivers of persistently high prices.
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Eurozone Inflation Eases on Lower Energy Prices
The New York Times – Business:The rate of price increases in countries using the euro slowed to 9.2 percent in December, down from 10.1 percent a month earlier.
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European Central Bank Raises Rates Half a Point, Moderating Its Pace
The New York Times – Business:But the bank warned that interest rates would “still have to rise significantly” to tame inflation.
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Eurozone Inflation Reaches 10.7 Percent as Economies Slow Down
The New York Times – Business:The rise in consumer prices hit another record in October, with more than half of the countries that use the euro registering double-digit increases.
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European Central Bank Is Set to Raise Interest Rates Again
The New York Times – Business:Policymakers on Thursday are expected to approve a hefty rate increase to corral prices that have risen “far too high.”