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ECB recognizes inflation will remain elevated but will not raise interest rates

Following today’s meeting of the European Central Bank’s (ECB) Governing Council, ECB President Christine Lagarde announced that the euro area economy is continuing to recover and the labour market is improving further, helped by ‘ample policy support’. The ECB has decided not to raise interest rates despite inflationary pressure.  In more measured tones Lagarde said […]
United Kingdom Christine Lagarde Council Of The European Central Bank European Central Bank Governing Council Growth Pact

Luxembourg faces a choice on fiscal policy

After public debt figures in the eurozone were released, member states now have to take a position on the future of the EU budget. Although it is the 3rd best performer in terms of budgetary discipline, Luxembourg will have to choose between joining Germany's more conservative camp or France's progressive one.
Arendt Medernach Bruno Le Maire Philippe Emmanuel Partsch Christian Lindner Paolo Gentiloni Le Maire
Source: delano.lu

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