Annual inflation in the eurozone and European Union is drifting away from a 2% goal established by the European Central Bank in 2024. According to a report released Monday by Eurostat, the annual inflation rate climbed to 2.
The European Central bank on Thursday reported a record loss in 2024 after it had aggressively hiked eurozone interest rates in response to soaring inflation.
The European Central Bank reported a record loss in 2024, a result of its aggressive policy responses to surging inflation and past periods of weak price gains.
Considering the confluence of technical factors, along with the fundamental factors of ECB and BOJ policy decisions and inflation rates, EURJPY presents a complex trading landscape.
President Donald Trump said he has decided to hit the European Union with 25% tariffs, saying EU was formed "to screw the United States." “We have made a decision and we’ll be announcing it very soon,” Trump said during a Cabinet meeting Wednesday.
Consumer prices in France were up 1.8% year-on-year in January, statistics office INSEE said on Tuesday, in line with analysts' expectations and the preliminary reading.
The Dutch annual rate of inflation rose in February to 3.8%, national statistics agency CBS said on Monday in a flash forecast. In January, inflation fell to 3.3%. Month on month, the consumer price index was up over one percentage point.
Bulgaria will ask the European Commission and the European Central Bank for an assessment on whether the Balkan country meets all criteria to join the euro zone in January next year, its finance minister said on Monday.
A top European Union official, who is trying to head off a potential trade conflict, stressed the importance of active engagement and fairness in trade during a four-hour meeting with Trump administration officials on Wednesday.
Germany’s auto and tech stocks tumble on US tariff fears. ECB signals rate cuts, but investors watch inflation trends for policy direction.