Eurozone Rate-Setters to Hike Borrowing Costs as Energy Prices Jump
7 Articles
7 Articles
Eurozone rate-setters to hike borrowing costs as energy prices jump
With renewed Middle East clashes stoking energy prices and putting upward pressure on inflation, the European Central Bank is expected on Thursday to raise interest rates for the second time this year.
At the current Governing Council meeting, a key rate hike to 2.5 percent is expected. Inflation remains high due to rising energy prices.
The European exchanges closed down on Wednesday (9) under pressure from the new escalation between the United States and Iran and from the advance of oil and natural gas. The pan-European index Stoxx 600 closed with a drop of 1.41%, at 640.41 points, at the lowest level since the end of July. In London, the FTSE 100 closed [...]
Another factor that contributed to the fall was the Brent oil going back over $100 per barrel
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