US EditionThe Second Ecb Council Meeting of the Year Is Marked by War in the Middle East
14 Articles
14 Articles
Consumer prices are expected to rise by 2.6% this year in the eurozone, compared to 1.9% initially expected. As a result, the ECB has not touched its interest rates and may even raise them at the end of the year.
The European Central Bank maintained on Thursday for the sixth time since July its main policy rate at 2%, despite the rise in prices linked to the war in the Middle East.
The second meeting of the European Central Bank (ECB) Governing Council this year is coming to an end in Frankfurt, attended for the first time by Primož Dolenc as Governor of the Bank of Slovenia. No changes in monetary policy are expected, but the meeting is being held under the banner of the war in the Middle East and its potential consequences for the euro area. The ECB will also publish new forecasts.
ECB experts' paper exercises on the effects of war in the Middle East
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Valencia PlazaThe new projections of the European Central Bank (ECB), which already reflect the impact of the early days of the conflict in the Middle East, include in their baseline scenario an increase in inflation above the previous forecast, as well as a slower rate of GDP growth in the euro area than was the case last December.
The hardening of the economic scenario in the eurozone took shape yesterday with the new forecasts of the European Central Bank (ECB), which already incorporate the first effects of the conflict in the Middle East. The monetary institution warns of a rise in inflation above what was expected just three months ago and of a slowdown in economic growth, in a context marked by energy and geopolitical uncertainty.
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