Eurozone Inflation Falls To Nearly Two-year Low
Eurozone inflation dropped to an almost two-year low in September, official data showed Friday, raising hopes that the European Central Bank will end its rate-hiking cycle.
Stay updated with breaking news from Bert Colijn. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Eurozone inflation dropped to an almost two-year low in September, official data showed Friday, raising hopes that the European Central Bank will end its rate-hiking cycle.
Pound to Euro Exchange Rate Subdued amid Economic Concerns
The amount of money circulating in the euro zone shrank by the most on record last month as banks curbed lending and depositors locked up their savings, two tangible effects of the European Central...
Eurozone output nudged higher in September, a closely-watched survey showed on Friday, but the struggling manufacturing sector continued to weigh on growth.
The euro zone economy is expected to contract this quarter and remain in a state of recession due to the impact of interest rate hikes by central banks, according to a survey. The flash euro zone Composite Purchasing Managers' Index (PMI) rose slightly in September but remained below the 50 mark that indicates growth. Hamburg Commercial Bank predicts a 0.4% contraction this quarter.