ECB’s Lagarde hints at further rate cut as inflation moderates
The European Central Bank president stated earlier this week that inflation could soon return to the bank’s target level. The ECB’s mid-term inflation target stands at 2 percent.
Eurozone countries expect economic recovery with inflation falling
EU leaders in the eurozone expect falling inflation to bring an economic recovery but acknowledged “economic activity is subdued in the near term” in a statement on Friday.
Europe in brief: Eurozone inflation expected to slow down
In its latest economic forecast, the European Commission expects inflation in the eurozone to fall. The EU announced support for a 6.4-million-euro migration management project in Bosnia and Herzegovina. The Swiss parliament voted to resume negotiations with the EU.
Europe in brief: German defence minister slams Hungary over Ukraine aid blockade
German Defence Minister “somewhat disappointed” with Hungary over Ukraine aid. More than 1,000 individuals indicted over war crimes in Bosnia and Herzegovina. In other news: Belgian Prime Minister eager to halt European nature legislation and ECB wants to bring inflation back to 2 percent.
Europe in brief: EU car industry under threat, Eurozone energy prices and inflation ease, Bolsonaro supporters invade Brazilian government headquarters
The head of Stellantis Group, Opel’s parent company, calls upon the EU to protect the European car industry from emerging Chinese competition. The EU condemns the invasion of Brazil’s democratic institutions by supporters of former president Bolsonaro. Eurostat announces that gas prices and inflation are slowing down.