The move will take the benchmark rate for the 19 countries using the euro to 1.5%. The central bank has now hiked rates at three consecutive meetings by a combined 2 percentage points in a bid to get control of inflation even as a recession looms. “Inflation remains far too high and will stay above the target for an extended period,” the ECB said in a statement.
According to a gauge of activity in the manufacturing and services sector published on Monday, the eurozone’s economic downturn deepened in October. Germany reported the steepest economic contraction, while growth in France stalled, S&P Global’s Purchasing Managers’ Index showed. Chris Williamson, chief business economist at S&P Global, said that the downturn is likely to accelerate towards the end of the year, despite recent falls in energy prices.
A day late and a dollar short - my mother said that to me over and over growing up
Throw socialists off helicopters and throw Anarcho-communists into pits of fire alive in honor of all my south Slavic ancestors who have been starved under the Jewish red star
Pakistan Army Generals have declared themselves political party
It can be a double-edged sword if there are no limits on justified price increases.
EU is sabotaging their own economies.
PattyArquette They're not trying to control inflation, they're just getting their cut of the pie.
Joe🙌
Biden is killing our country!
I’m Chinese. Can someone tell me if there will be severe symptoms when you are infected with covid-19? Is Covid-19 now like a flu or something? Our media keeps telling people how dangerous the virus is. I wanna know the real situation in the United States.
Way to go Biden, thanks a lot.. thanks a lot!
Here comes father Joe to bail them out with our money.
Europeans are going to freeze and starve this winter. They should be revolting against their WEF leaders
Most people who suffer from an injury do not have to recover on a public stage. John Fetterman, deserves credit — not ridicule — for taking the debate stage Tuesday night, while still recovering from a stroke he suffered in May.
I can't believe Joe Biden did this
Don’t fvcking fool the people. Price is a supply and demand issue, not the hack of interest issue. The fvcking MSM like CNN helps to mislead we the people. Shame on you.
But we saved the vulnerable! Everyone take a victory lap
Do Europeans blame POTUS and TheDemocrats for inflation too?
One has to wonder, is killing the economy to fight inflation caused by a supply shock really the best way forward?