A ‘complicated mixed bag’ of data impedes decision-making amid still-high inflation and a darkening eurozone.
The European Central Bank has raised rates by 4.25 percentage points since July last year to combat runaway consumer prices.
The central bank for the 20 countries that use the euro has already lifted rates by 4.25 percentage points since July last year to combat runaway consumer prices. Latest data showed eurozone second-quarter growth reached just 0.1%, lower than previously estimated, while a recent survey pointed to the economy contracting at its fastest rate in three years as a manufacturing slowdown spread to services.
Consumer price rises came in unchanged at 5.3% in August, way above the ECB’s 2% target, although closely-watched core inflation — excluding volatile energy and food prices — eased a little. Other analysts, however, are betting on a pause on Thursday, although they also think the ECB might then impose one final hike at a later meeting.
In the run-up to the meeting, they have mostly been cagey about what will happen, a contrast to other recent meetings where the decision was usually well telegraphed in advance.Governing council member Peter Kazimir called for another 25-basis-point hike, with the Slovak central bank chief writing in an op-ed it is “better to be safe than sorry”.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Tang Jie-Ee Wei, Kian Meng-Pei Jing stopped in China Open semifinalsBoth national mixed doubles pairs conceded straight-set defeats to their opponents.
Leggi di più »
National mixed doubles pairs crash out of China Open badminton semi-finalsKUALA LUMPUR, Sept 9 — The campaign of two national mixed doubles pairs in the 2023 China Open fizzled out in the semi-finals after falling to their respective opponents. In the...
Leggi di più »
China Open: Both national mixed doubles pairs stopped in semi-finalsKUALA LUMPUR: The campaign of two national mixed doubles pairs in the 2023 China Open fizzled out in the semi-finals after faling to their respective ...
Leggi di più »
Fine run of M'sian mixed doubles pairs ends at China Open semisPETALING JAYA: Shuttlers Tan Kian Meng-Lai Pei Jing and Chen Tang Jie-Toh Ee Wei bowed out of the China Open mixed doubles semi-finals.
Leggi di più »
Grassroots members have mixed feelings over DAP-Umno friendshipKUALA LUMPUR: DAP and Umno grassroots members say they have mixed feelings about the cooperation between the two parties given as their friendship is still new.
Leggi di più »
Roy King-Valeree win first international title this year in IndonesiaPETALING JAYA: Mixed doubles pair Yap Roy King-Valeree Siow secured their first international title this year after winning the Indonesian Masters in Medan on Sunday (Sept 10).
Leggi di più »