1 Day
Source:
وكالة صدى نيوز
ECB Plans Rate Hike Amid Inflation
The European Central Bank is heading toward raising interest rates for the second time within a week to combat inflation, which reached 3.3% in August—its highest level in three years and above the targeted 2%. The increase is expected to be by a quarter of a percentage point, with the possibility of a third increase later on, amid ongoing fighting in the Middle East and rising fuel costs, along with increases in oil and gas prices. Although some data indicate a slowdown in core inflation, monetary policy officials remain cautious about responding to the economic situation, as challenges linked to energy import depletion and growth hurdles continue.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)