The bank said some price pressures were easing, but that “underlying inflation remains high overall,” as it raised rates a quarter percentage point.
Tag: Eurozone
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On the U.S. Economy, Beware the New Triumphalism
Our economy has done well lately. Don’t become complacent.
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Eurozone Inflation Slows, but Underlying Price Pressures Persist
The annual rate of inflation fell to 5.5 percent in June, compared with 6.1 percent the month before. But “core” inflation edged higher.
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European Central Bank Raises Interest Rates to Highest Level Since 2001
Inflation is “projected to remain too high for too long,” the central bank said as it raised interest rates by a quarter-point, its eighth consecutive increase.
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European Central Bank Raises Rates Again, but Only a Quarter Point
The bank said “underlying price pressures remain strong” in the eurozone, where the annual inflation rate reached 7 percent last month.