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German inflation decreased significantly in January, with consumer prices showing an annual 2.9% increase after 3.7% in December, the government's statistical office said on Wednesday. This is the lowest figure since June 2021, when the consumer price index (CPI) rose by 2.4%, the data office said. According to preliminary data, energy cost 2.8% less in January than a year earlier, despite the increase in the carbon dioxide price to €45 ($48.8) per ton. The price of food rose by 3.8%. The rise i ....
ECB leaves key interest rate unchanged and dampens hopes of a turnaround in interest rates breakinglatest.news - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from breakinglatest.news Daily Mail and Mail on Sunday newspapers.
The European Central Bank (ECB) kept its key eurozone interest rates unchanged at its first monetary policy meeting of the year on Thursday. There is a "consensus" on ECB's Governing Council that it is "premature to discuss rate cuts," said bank President Christine Lagarde after the rate announcement. At the World Economic Forum in Davos this month Lagarde had suggested that an interest rate cut this summer was more likely. The main refinancing operations rate, which provides liquidity to the ba ....
A significant drop in inflation is raising hopes that the German economy will pick up again. According to preliminary data released by the Federal Statistical Office on Monday, the annual inflation. ....
The European Central Bank is currently fighting rampant inflation in the eurozone which is just one of the many crises its policymakers have had to face in the past 25 years. ....