European Central Bank President Christine Lagarde delivers a speech earlier this month. Photo: Fabrice Coffrini/AFP via Getty Imagesby a half percentage point as officials continue an aggressive battle against inflation despite some signs of stress in the banking system.: The supersized rate increase means the troubles at Credit Suisse and financial market jitters were not enough for the central bank to back off its inflation fight.
Core inflation, which strips out food and energy costs, hit a record 5.6% in the year through February — a clear sign underlying inflation pressures continue to run strong.: In new economic projections released on Thursday, ECB officials anticipate inflation will average 5.3% this year. Their estimates show inflation won't fall close to its 2% target until 2025, when they project it'll reach 2.1%.
Growth is then expected to pick up more next year, in part because of the strong labor market, before slowing the following year.: "Inflation is projected to remain too high for too long," as the first line of the ECB statement says.
You fired a reporter for doing his job. Bite me
How can we trust you as an institution when this is what you do to journalists that call out propaganda?
You lost any credibility you might have had when you fired a journalist for telling the truth.
So Axios is bowing to the demands of the fascist governor of Florida and firing journalists who dare to tell the truth? Disgusting. Shameful. Appalling.
And the bailouts totally will not exacerbate inflation….
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