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eurozone

EU slashes growth, increases inflation forecast

The war in Ukraine pushed the European Commission to slash its annual growth expectation to 2.7% for both the EU and eurozone this year,...

Macron calls for better management of EU’s border-free Schengen zone

The European Union's border-free Schengen area should be managed by regular ministerial meetings, just like the eurozone, French President Emmanuel Macron said on Wednesday,...

Eurozone inflation accelerates to new record of 5.1%

Eurozone inflation accelerated to a record of 5.1% in January, defying expectations of a slowdown and adding to the European Central Bank’s headache ahead of...

Eurozone inflation hits 5%, marking another record high

Eurostat, the statistical office of the European Union announced that the eurozone inflation accelerated unexpectedly in December, hitting a new record of 5% from...

Inflation across eurozone hits a record high of 4.9%

The European Union’s statistics agency, Eurostat announced on Tuesday that the eurozone's inflation rate has risen to a record high in November to 4.9%, prompting...

Eurozone October inflation confirmed at 4.1% y/y on energy spike

Eurozone inflation surged to more than twice the European Central Bank's target in October, the European Union's statistics office Eurostat confirmed on Wednesday, with...

Eurozone inflation rises to 4.1% for October, hitting a new 13-year high

Eurozone annual inflation spiked to 4.1% in October, while economic growth accelerated to 2.2% in the third quarter, preliminary Eurostat data showed on Friday,...

Eurozone inflation expectations hit ECB target of 2%

A key market gauge of eurozone inflation expectations rose on Friday to 2%, the European Central Bank's (ECB) inflation target for the first time...

French inflation hits highest level in almost three years

The inflation in France rose to its highest level since late 2018 as food and energy costs accelerated and manufactured goods prices rebounded with...

ECB needs to take account of improved financing conditions

The European Central Bank (ECB) should take into account more favourable financing conditions in discussing the future of its pandemic-related monthly asset purchases, ECB...