Another Europe News
Energy costs fuel eurozone inflation
http://www.euronews.com/ Inflation in the eurozone accelerated in September. Energy costs, which were up 9.2 percent year-on-year, were the main factor.
Consumer prices in the 17 countries using the euro rose by 2.7 percent from September last year.
Inflation hit 3.0 percent in November last year, but has fallen steadily since then and stabilised at 2.4 percent in May, June and July; that was when the eurozone economy slowed sharply from the sovereign debt crisis.
However in August it rose again for the first time in 11 months from higher fuel and transport costs, reaching 2.6 percent.
The European Central Bank’s target is to keep inflation below but close to 2.0 percent
The good news for the ECB was that core prices -which excludes fuel and unprocessed food – has stayed low giving it leeway to cut interest rates soon.
“It seems highly likely that the ECB will take interest rates down from 0.75 percent to 0.50 percent in the fourth quarter,” said Howard Archer, economist at IHS Global Insight.
“While the ECB could act as soon as its October meeting next Thursday, we lean towards the view that they will probably hold off to November.”
The ECB kept its main interest rate unchanged at a record low of 0.75 percent at its meeting earlier this month, taking another policy-easing route by agreeing to launch a new and potentially unlimited bond-buying programme.
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Another Europe News
‘Restraining order needed,’ Trump says of Italy’s PM Meloni ahead of NATO summit
‘Restraining order needed,’ Trump says of Italy’s PM Meloni ahead of NATO summit
Tensions flared between Washington and Rome at the end of June when Trump claimed Meloni had “begged” him for a picture together in an effort to boost her ratings.
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Archaeologists uncover 2,500-year-old bronze chariot, shedding light on Tartessos
Archaeologists uncover 2,500-year-old bronze chariot, shedding light on Tartessos
Archaeologists have found in Guareña, Badajoz, a bronze chariot like those of Etruria and imported Greek, oriental and Egyptian goods, proof of Tartessian trade 2,500 years ago.
READ MORE : http://www.euronews.com/2026/06/30/2500-year-old-bronze-chariot-sheds-light-on-tartessos-history
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China’s economic growth hits slowest pace in more than three years
China’s economy grew 4.3% year on year in the second quarter, its weakest pace since late 2022, as weak domestic demand and a prolonged property downturn outweighed strong exports, increasing pressure on Beijing to provide more economic support.
READ MORE : http://www.euronews.com/2026/07/15/chinas-economic-growth-hits-slowest-pace-in-more-than-three-years
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EU Commission says gun given by Erdogan to von der Leyen will be gifted to military museum.
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@ChrisRoadWarrior
April 22, 2024 at 9:24 am
RT???
That's a good one, RUSSIAN TV fully controlled by Putin, so you want ppl in EU to watch PUTIN TV??? Why not Al-Jazeera or IRAN TV, cause apparently you enjoy media from dictatorial countries, right?
I'm in CANADA and that's why I watch FOX NEWS, I know, 99% of all YT users HATE FNC, right?
FNC available in UK as well, so ppl have lots of choices when it comes to getting their news info from.
@stealthyspider
April 22, 2024 at 9:24 am
Inflation is what you get when you print lots of money. With the EU printing and the rest of the world following the USA with printing money. You get what? Yes inflation. Pitty most people and it seems the powers that be also do not understand this. The media seems not to as well. Not long before it all gos tits up and the world crashes. Its funny how many poeple are too dumb or to distracted to see whats going on. STOP WATCHING the BBC AND SKY. If you want to see real new watch RT.