The European Central Bank expects a 0.25 percent rise next month. Annual inflation in the eurozone’s 19 members hit an all-time high of 8.1 percent in May. Russia’s unlawful assault against Ukraine continues to wreak havoc on the European and global economies. In order to combat record high inflation driven by the war in Ukraine, … Read more
The dollar index has eased back to around the 102 level. Friday’s strong payrolls report helped the dollar notch its first weekly gain in three. U.S. stocks are well off their earlier highs to increase the appeal of the safe-haven ahead of a key reading on inflation. The dollar acquired against a bushel of significant … Read more
FRANKFURT — The European Central Bank (ECB) must not rush to tighten its monetary policy since the elevated inflation rates look transitory, the bank’s President, Christine Lagarde, told the Frankfurt European Banking Congress on Friday. Speaking via video link, Lagarde stressed that the ECB’s monetary policy should be kept consistent to facilitate the return of … Read more
