Inflation
European shares rise ahead of eurozone inflation data
European shares rose on Tuesday as investors rebuffed concerns over surprise output cuts by OPEC and its allies while awaiting eurozone producer prices for...
Oil prices jump, markets narrow odds on Fed hike
Oil prices surged on Monday after Saudi Arabia and other OPEC+ producers announced a surprise round of output cuts, a potentially ominous sign for...
Euro zone inflation posts record drop to 6.9% as energy falls
Eurozone inflation dropped at a record rate to 6.9% in March, driven by a sharp decline in energy prices, Eurostat data showed on Friday, according...
Lagarde pledges ‘robust’ policy with ECB ready to act as needed
The European Central Bank will take a “robust” approach that allows it to respond to inflation risks as needed but also aid financial markets...
ECB likely to stick to big rate hike despite banking turmoil, source says
European Central Bank policymakers are still leaning towards a half-percentage-point rate hike on Thursday, despite turmoil in the banking sector, as they expect inflation...
Europe inflation eases slightly as consumer pain persists
Inflation eased only slightly in the eurozone as the pain from higher costs for food and fuel persists and gives the European Central Bank...
Romania’s central bank lowers 2023 inflation forecast to 7%
Romania's central bank said on Wednesday that it lowered its inflation forecast for 2023 to 7% from 11.2% projected in November, taking into account...
Hungary leads east EU economic slide amid war in Ukraine
Soaring inflation, higher interest rates and supply-chain snarls spurred by the war in Ukraine probably pushed most of the European Union’s biggest eastern economies...
EU foresees economy improving, but inflation still painful
The European Union’s executive branch has raised its economic growth forecast for the year, saying Europe will narrowly avoid a recession and has already...
Eurozone inflation drops to 8.5 percent in January
Eurozone inflation eased to 8.5% in January from 9.2% in December adding to evidence price pressures have peaked, preliminary Eurostat data showed on Wednesday,...