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The European Central Bank is taking a larger interest rate step than America's central bank, the Fed: If inflation in the euro area is more than 8 percent, the monetary watchdogs must continue to act. How are the power relations?
In the euro zone, where inflation reached a peak of 10.6% last year — a record in the history of the single currency — European Central Bank staff received a 4% salary increase for 2023
After a tough 2022, some strategists argue this year could be Europe’s time to shine.
Economic strategists predict that the economy of Europe is in a better position to outperform its US counterpart in 2023.
This week, the Swiss National Bank posted a staggering annual loss of 132 billion Swiss francs last year. This equals around $143 billion and marks the largest loss in its 116-year history. [...]