Germany’s economy may be on the ropes, but workers’ wages there are projected to rise 5.6 percent this year, according to labor agreements negotiated during this year’s first half, labor-oriented research group WSI reported.
Tag: European Central Bank
INVESTOR CONFIDENCE IN EUROZONE, ESPECIALLY GERMANY, COLLAPSES
In a new ZEW Indicator of Economic Sentiment, investors’ outlook for the Eurozone’s business future plunged 25.8 points to 17.9, the biggest one-month tumble since early in 2020 when the COVID War began.
EUROZONE INFLATION TICKS UP IN JULY
Last month, inflation in the 20-country Eurozone edged up to 2.6 percent after falling to 2.5 percent in June.
ECB FREEZES INTEREST RATE, HINTS AT SEPTEMBER CUT
On 18 July, the governing council of the European Central Bank (ECB) met and left its key interest rate at 3.75 percent, as analysts expected.
EUROPE’S CONSUMERS NOT RESPONDING TO DISCOUNTS
European retailers and manufacturers are discounting consumer goods in an attempt to revive sales but the results are falling short of hopes.
BANK OF ENGLAND LEAVES KEY RATE UNCHANGED
As economists expected, the Bank of England’s (BoE’s) governing committee held its key interest rate at its 16-year high of 5.25 percent, where it has been since August 2023.
EUROZONE BUSINESS ACTIVITY ACCELERATES IN MAY
Business in the 20-country Eurozone was more brisk in May than it has been in a year, the Hamburg Commercial Bank’s purchasing managers index (PMI) showed.
MORE CENTRAL BANKS ARE STOCKPILING DOLLARS
Eighteen percent of central banks expect to increase their supply of U.S. dollars over the next one to two years as the U.S. Federal Reserve is likely to keep its interest rate higher longer than other nations...
EUROPEAN CENTRAL BANK CUTS INTEREST RATE BY QUARTER POINT
As expected, the European Central Bank (ECB) cut its key interest rate on loans from 4.25 percent to 4 percent last week.
SOME FED OFFICIALS UNSURE IF INFLATION CAN BE SLOWED FURTHER
Inflation’s pace slowed steadily through the last half of 2023 but has been stuck at around 3.5 percent for much of this year.