The euro jumped one percent as opposed to the dollar Monday after European Central Bank chief Christine Lagarde signaled the give up of ECB bad interest rates. The euro struck a one-month high at $1.0688 after Lagarde stated the imperative financial institution might possibly draw a line beneath the era of bad interest prices by … Read more
BRUSSELS: Eurozone inflation soared in February to a record high of 5.8 per cent, mainly on the back of surging energy prices, the EU’s official statistics agency Eurostat said on Wednesday. The acceleration, from 5.1 per cent in January, was announced as oil and gas prices rocketed even higher over fears about the impact on … Read more
BRUSSELS: Inflation in the eurozone soared to a new record high in January, official data showed on Wednesday, adding pressure on the European Central Bank ahead of a monetary policy meeting this week. The figure hit 5.1 per cent last month, a first since the official Eurostat agency started to compile the data in 1997. … Read more
BRUSSELS: Eurozone inflation soared in December to its highest annual rate since records began in 1997, the Eurostat agency said on Friday. The 5 per cent figure is a first estimate but confirms a trend led by soaring energy prices, rising from 4.9 per cent in November to a quarter-century high. These figures are well above … Read more
BRUSSELS: Eurozone inflation surged to its highest rate on record in November, fuelled by soaring energy prices, official data showed on Tuesday. Consumer prices picked up to 4.9 per cent from 4.1 per cent in the previous month, the highest reading since the official statistics agency Eurostat began compiling the data more than 20 years ago. … Read more
