Eurozone Inflation Reaches 10.7 Percent as Economies Slow Down The rise in consumer prices hit another record in October, with more than half of the countries that use the euro registering double-digit increases.
European Central Bank Is Set to Raise Interest Rates Again Policymakers on Thursday are expected to approve a hefty rate increase to corral prices that have risen “far too high.”
ECB Surprises With Big Rate Rise, Its First in 11 Years Policymakers are trying to slow soaring inflation while avoiding a recession among the countries that use the euro.
Euro Hits Parity With U.S. Dollar for First Time in 20 Years In recent months, pressure on the euro has been mounting while investors have been flocking to the U.S. dollar, a haven in times of economic upheaval.