The European Central Bank on June 11 raised its inflation forecasts while cutting growth expctations for this year as the blockade of the Strait of Hormuz threatens to prolong a surge in global energy prices.

The European Central Bank is widely expected to raise interest rates for the first time since 2023 as policymakers respond to rising inflation fuelled by higher energy prices…

European Central Bank (ECB) President Christine Lagarde addresses the media after the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, Sept. 11,…

The war in the Middle East is generating inflation pressures

The Bank also lifted its inflation outlook for this year to 3% and lowered its growth forecast to 0.8%

The European Central Bank on June 11 raised its inflation forecasts while cutting growth expctations for this year as the blockade of the Strait of Hormuz threatens to prolong a…

The European Central Bank has been moving to rein in inflation after a long pause on rate changes. The policy shift is aimed at tamping down prices while raising fresh concerns…

The European Central Bank has been moving to rein in inflation after a long pause on rate changes. The policy shift is aimed at tamping down prices while raising fresh concerns…

Critics, however, warn the move may not curb inflation stemming from energy shortages. Read more at straitstimes.com. Read more at straitstimes.com.

The ECB plans to raise its deposit rate to 2.25% on June 11, but analysts warn the move could push the euro zone into recession amid weak growth and energy

The cost of services like haircuts, restaurant meals, plumbers, and hotel stays also rose faster in recent months, from three to 3.5 percent, suggesting price pressures are…

Euro-zone growth is now forecast at 0.9 per cent this year. Read more at straitstimes.com. Read more at straitstimes.com.

The European Central Bank has raised interest rates for the first time in nearly three years, citing growing inflation risks linked to the ongoing Iran conflict and rising energy…

The ECB raised interest rates by 25 basis points for the first time since 2023 as Middle East conflict drives inflation above 3%. Here's what it means for

The ECB raised its deposit rate to 2.25% and signals another hike as Iran conflict drives euro-area inflation to 3.2%. Here's what it means for crypto.