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The European Central Bank left its key interest rates unchanged on Thursday, as expected, after raising them in the past 10 sessions, but adopted a cautious stance to suggest that the rates could stay "higher for longer" despite the easing inflationary pressures as the signs of a recession in the euro area economy increases.
The European Central Bank left its key interest rates unchanged on Thursday, as expected, after raising them in the past 10 sessions, but adopted a cautious stance to suggest that rates could stay "higher for longer" despite the easing inflationary pressures as signs of a recession in the euro area economy increase.
German business morale weakened for the tenth consecutive month in September to hit the lowest level in as many months as companies were less satisfied with their current situation amid the subdued economic activity, survey results from the ifo Institute showed on Monday.
BERLIN (dpa-AFX) - Germany's business confidence improved further as expected at the start of the year to the strongest level in seven months, as companies were considerably less pessimistic about
BRUSSELS (dpa-AFX) - Germany's gross domestic product growth slowed less than expected in the year 2022, driven mainly by private consumption and investment in machinery, and returned to pre-pandemic