European Central Bank raises rates by 25 basis points at June 2023 meeting
The European Central Bank on Thursday announced it is taking its main rate up by 25 basis points to 3.5%, diverging from a U.S. Federal...
Euro zone enters recession after Germany, Ireland growth revision
The German economy entered a recession in the first quarter. Bloomberg | Bloomberg | Getty Images The euro zone entered a recession in the first...
UK predicted to have the highest inflation rate out of all advanced economies this year
A shopper browses fruit and vegetables for sale at an indoor market in Sheffield, UK. The OECD recently predicted that the UK will experience the...
ECB said it’ll stay the course on rate hikes. But it’s not clear for how long
Christine Lagarde, president of the European Central Bank (ECB). Bloomberg | Bloomberg | Getty Images European Central Bank President Christine Lagarde has repeatedly used the...
Business activity slows on surging energy costs
Business sentiment in the euro area dropped once again ahead of an ECB meeting where President Christine Lagarde is expected to raise rates again. Anna...