Jumps in energy and food prices again pushed inflation in the 19 countries that use the euro to the highest annual rate recorded since the currency was created.
Tag: European Central Bank
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Central Banks Accept Pain Now, Fearing Worse Later
Federal Reserve officials and their counterparts around the world are trying to defeat inflation by rapidly raising interest rates. They know it will come at a cost.
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E.C.B. Raises Interest Rates to Tame Inflation
The rise of three-quarters of a point matched the central bank’s largest-ever increase, with a “substantial slowdown” expected in the eurozone economy ahead of a winter energy crisis.