Euro zone inflation hit a new record high in August at 9.1%, exceeding economists’ expectations.
Inflation continues to hit new records just as the European Central Bank mulls another large interest rate hike for next month.to zero on July 21 – its first rate hike in 11 years – and a similar, or larger, hike is now expected on Sept. 8.
"Despite the slowdown in the economy that we will almost certainly be getting, the central banks won't let up on their hiking path," he said. "It looks inevitable that the euro area is headed for a recession. The question is only how deep it will be and how long it will last," he said. The ECB"has some catching up to do," according to the economist.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Update: ONEUS Unveils Contrasting Sets Of Individual “MALUS” Comeback TeasersUpdated August 30 KST: ONEUS has shared two new sets of individual concept photos for their upcoming “MALUS” comeback! Updated August 29 KST: ONEUS has unveiled a group concept photo for their upcoming comeback with “MALUS”! Updated August 28 KST: ONEUS has released individual concept photos for their upcoming comeback with “MALUS”! Updated August 27
Weiterlesen »
Bitcoin mining stock report: Monday, August 29Here's how crypto mining companies performed on Monday, August 29.
Weiterlesen »
5 things to know for August 29: NASA, Flooding, Shootings, Covid-19, UkraineHere are 5️⃣ things to know for August 29: 1️⃣ NASA launch 2️⃣ Mississippi flooding 3️⃣ Gun violence 4️⃣ At-home Covid-19 tests 5️⃣ Ukraine
Weiterlesen »
It's Only up for Bitcoin (BTC) as It Reached Fundamental Support: Crypto Market Review, August 29$BTC nosedive below $20,000 gets us back to the beginning of this summer, but the sentiment on the market is far from June's
Weiterlesen »
MLB Props Picks - Our Best Bets for August 29Shohei Ohtani may not win AL MVP for a second straight year, but he's still been money at the plate and on the hill. Tonight, we're focusing on his bat as he squares up against Yankees starter Frankie Montas. Take the plus money on his total bases prop.
Weiterlesen »