Fragile Global Economy Faces New Crisis in Israel-Gaza War A war in the Middle East could complicate efforts to contain inflation at a time when world output is “limping along.”
European Central Bank Raises Rates for a 10th Time In its battle to control inflation, the bank raised its key interest rate to the highest level on record.
Eurozone Inflation Holds Steady at 5.3 Percent Prices rose at an annual rate of 5.3 percent, defying expectations of a slowdown. The news may bolster the case for another European Central Bank interest rate increase.
Europe Vowed to Make Russia Pay for the War. It’s Not That Easy. Confiscating Russian state assets frozen by the United States and Europe could breach international law and set a dangerous precedent, experts say.
E.C.B. Raises Rates Again, Citing ‘Too High’ Inflation The bank said some price pressures were easing, but that “underlying inflation remains high overall,” as it raised rates a quarter percentage point.