The ECB has raised base rates by a combined 375 basis points to 3.25 percent over the past year to combat runaway prices.
Several influential policymakers, including the central bank governors of Germany, the Netherlands and Ireland, have also put a July rate hike on the table, but there is wide agreement that the outlook beyond that is too murky to commit. The ECB is also likely to take some comfort from the slowdown in food inflation to 12.5 percent from 13.5 percent as pressures on that front were still expected to build for some time.“The European inflation outlook is highly affected by two opposing drivers,” ING economist Carsten Brzeski said.
Euro zone wage growth is hovering in the 5 percent to 6 percent range, twice the rate that would be consistent with the ECB’s inflation target.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dollar hits more than two-month high as European inflation coolsThe U.S. dollar rose strongly on Wednesday to a more than two-month high after data showed European inflation is cooling quicker than expected and China’s recovery is sputtering. | Reuters
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Zelenskiy joins European leaders at summit in MoldovaPresident Volodymyr Zelenskiy pressed his case for Ukraine to be part of the NATO military alliance as he joined European leaders on Thursday in Moldova close to his nation&39;s border ahead of an expected counter-offensive against Russia&39;s invasion.
Source: gmanews - 🏆 11. / 68 Read more »
Euro zone lending takes another hit from higher ratesEuro zone bank lending slowed again in April, supporting the case for careful interest rate hikes in the months ahead as weak growth and surging borrowing costs are already denting demand for credit, European Central Bank data showed on Tuesday. | Reuters
Source: inquirerdotnet - 🏆 3. / 86 Read more »
PH DOJ, EU agency vow closer coordination vs. transnational crimesJustice Secretary Jesus Crispin Remulla recently met with the European Union Agency for Criminal Justice Cooperation (Eurojust) in the Netherlands and discussed closer coordination against transnational crimes, the Department of Justice (DOJ) said Wednesday.
Source: gmanews - 🏆 11. / 68 Read more »
This sapphic fast food ad is making us yearn before Pride monthA fast food joint has released a local ad with a cute little sapphic love story just days before Pride. And it had us gays yearning.
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Saudi opens up 1m jobs for Pinoys, special hiring starts next monthSaudi Arabia will be offering at least one million jobs to Filipino workers as it competes with its Middle Eastern neighbors for skilled manpower, the Department of Migrant Workers (DMW) said Tuesday — and as neighboring Kuwait shuts its doors to Manila.
Source: MlaStandard - 🏆 20. / 55 Read more »