September 25, 2022

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European Central Bank, new rate hike expected in September: ‘unconditional commitment to work on inflation’

The decision comes within days of Eurostat releasing inflation data, with the eurozone’s annual rate in July at 8.9%, up from 8.6% in June. A year ago the rate was 2.2%. The annual EU inflation rate was 9.8%, up from 9.6% in June (last year it was 2.5%).

It was not enough as expected Historic rate hike at the end of July, after 11 years of inaction. Francois Villeroy de GalloMember of the Executive Committee of the Association European Central BankIndeed, according to reports from the agency Bloombergwho else “big” height The interest rate is a necessary step in September. No selection at the moment, but a member board Make it known that the decision is related to“Unconditional” commitment from the European Central Bank to act on inflation.

A decision will come in a few days Publish inflation data by Eurostataccording to which the annual rate of the eurozone stabilized in July at8.9%Up from 8.6% in June. A year ago the rate was 2.2%. annual inflationEuropean Union It was 9.8%, up from 9.6% in June (last year it was 2.5%). in Italia Coordinated inflation, as already reported by Istat, fell slightly to 8.4% (in June it was 8.5%) but the shopping cart increased by 9.1%, the record number since 1984.

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