Bank

Senior ECB official: rate rise too soon could choke recovery

8 days ago   |   By Chron

BERLIN - A senior European Central Bank official says that raising interest rates prematurely could “choke off the recovery,” comments that come as inflation in the 19-nation euro area has hit a record rate.
The European Union's statistical office said Jan. 7 that the annual inflation rate rose to 5% in December - the highest level in the eurozone since recordkeeping began in 1997, breaking the previous record of 4.9% from November.
That compounded pressure for the ECB to act on inflation since it has kept interest rates ultra-low to stimulate an economy recovering from the depths of the...
Read more ...

 


Search by Tags

   Bank      Rate      Banks      Economy  


Newt Gingrich says that Jan. 6 Committee is 'basically a lynch mob' that...

Newt Gingrich appears on Fox News. Fox News Former House Speaker Newt Gingrich lambasted Attorney General Merrick Garland and the committee investigating January 6. Gingrich... Read more ...

Sarah Palin v. New York Times Spotlights Push to Loosen Libel Law

The trial comes at a time when those who argue that news outlets should pay a steeper price for getting something wrong are more emboldened than they've been in decades. Read more ...

The Best New Movies To Stream On Netflix, Amazon, Hulu, Disney+ And HBO This...

Here are the best new movies coming to the major streaming platforms this week. Read more ...

Ryan Kavanaugh Says Dana White Traps Fighters, Ngannou Confirmed It After...

Triller Co-Founder Ryan Kavanaugh says UFC President Dana White "locks up" fighters and Heavyweight Champion Francis Ngannou probably agrees, per his comments after UFC 270. Read more ...

Kenzo returns to Japanese roots in history-making moment

PARIS - It was a fashion history-making moment in Paris for Kenzo on Sunday as it unveiled the debut for its first Japanese designer since house founder Kenzo Takada. Nigo, 51... Read more ...

Once allies, Stormy Daniels and Avenatti face off at trial

Once allies, Stormy Daniels and Avenatti face off at trial

NEW YORK - Stormy Daniels, the porn star who catapulted herself and Michael Avenatti to fame with lawsuits against former President Donald Trump, will have a starring role in... Read more ...

Twitter users are comparing Elon Musk's Neuralink chip implants to a similar...

Elon Musk. Patrick Pleul/picture alliance via Getty Images Elon Musk is developing a brain implant for humans he formerly said may have the potential to "save and replay... Read more ...

Intel CEO reveals how he plans to rebuild the struggling chip industry by...

Intel CEO Patrick Gelsinger speaks alongside U.S. President Joe Biden during an event on the ongoing supply chain problems on January 21, 2022 in Washington, DC. Chip... Read more ...

Ethics and ownership of AI-powered identities

Ethics and ownership of AI-powered identities

People will soon be asked to decide how their voices, images, and AI-powered identities can be used both today and long after they're gone. Read more ...

Buccaneers Vs. Rams Schedule, Odds: Time, Bracket, Picks, Spread And NFL...

The Divisional round of the 2022 NFL playoffs gets underway again on Sunday afternoon when the Tampa Bay Buccaneers host the Los Angeles Rams. Read more ...