(Bloomberg) — US and euro zone inflation gauges are anticipated to reveal the smallest annual increases since early or mid-2021, solidifying the belief that interest rates won’t be hiked again. Expected on Thursday, the Federal Reserve’s preferred measures will show the personal consumption expenditures price index rising 3.1% from a year ago in October. Meanwhile, …
China is still grappling with deflationary pressures, which highlights the fragility of its economic recovery in the final months of 2023, according to Bloomberg. Economists surveyed by the publication anticipate that data due on Thursday will show consumer prices in China slipping into deflation in October. Producer prices are also expected to decline for the …
ECB President Christine Lagarde. Photo: Reuters In a dilemma between raising interest rates to combat inflation and keeping them steady, the European Central Bank (ECB) ultimately chose to increase rates to a record high. This 0.25 percentage point rise may be the last for some time, as indications suggest the end of the ECB’s cycle …
President of the European Central Bank (ECB) Christine Lagarde gestures as she addresses a press conference following the meeting of the governing council of the ECB in Frankfurt am Main, western Germany, on July 27, 2023. Daniel Roland | Afp | Getty Images The European Central Bank (ECB) announced its 10th consecutive hike in its …
ECB Decision on Interest Rates: Will They Rise Again? There is uncertainty surrounding the European Central Bank’s (ECB) upcoming decision on whether to raise interest rates. After nine consecutive rate hikes, homeowners with tracker mortgages and first-time buyers have felt the impact of increased borrowing costs. Additionally, around 70,000 homeowners facing the end of fixed …
Christine Lagarde, President of the European Central Bank (ECB), delivered a speech at an ECB press conference in July. Image Source: Picture Alliance | Picture Alliance | Getty Images August witnessed higher-than-expected inflation in the euro zone, presenting a challenge for the region’s central bank. Preliminary data from the European statistics office on Thursday revealed …
An employee in Dueren, western Germany works on assembling a brake caliper for an electric vehicle. Image Source: Ina Fassbender | Afp | Getty Images European business activity contracted once again in August, reaching its lowest level since November 2020. The euro zone’s flash composite Purchasing Managers’ Index (PMI), released on Wednesday, declined to 47.0 …
Official data reveals that Britain’s debt pile has expanded at an accelerated rate compared to most EU countries, with the exception of France, since the onset of the pandemic. The Office for National Statistics reports that the UK government debt has risen from 85.5% of the gross domestic product (GDP) in the last quarter of …
The chief financial officer of Commerzbank informed CNBC on Friday that the European Central Bank (ECB) is likely pausing its rate hiking cycle. In July, the ECB raised interest rates, completing a year of rate increases. ECB President Christine Lagarde suggested that the central bank may continue or pause rate hikes at its upcoming September …
According to Daragh Cassidy of Bonkers.ie, homeowners should consider refinancing their mortgages, as the current rates they are paying are much lower compared to the rates they will get when they refix. Cassidy explains this in light of the recent increase in key lending rates by the European Central Bank (ECB), which has reached its …