European Central Bank hikes rates again and vows more after US Fed hits pause
Thursday, 15 June 2023 The European Central Bank pressed ahead with another interest rate hike on Thursday and pledged more are on the way, aiming to crush inflation that is driving up the cost of groceries even after the US Federal Reserve took a break from its own string of increases. The quarter-point rate boost, to 3.5 per cent, is the eighth straight increase since July 2022 for the 20 countries that use the euro currency.
The European Central Bank has pressed ahead with another interest rate hike, aiming to crush inflation that is driving up the cost of groceries, utility bills and summer vacations.
Bank bosses have left Downing Street after a meeting with the Chancellor Jeremy Hunt to discuss the Bank of Englandβs decision to raise the interest rate to 5%. Speaking to reporters, Lloyds Bank..
Federal Reserve , May Pause Aggressive , Rate Hikes.
NBC reports that with low unemployment and high
inflation, the Federal Reserve is still likely to
increase interest rates to try and cool the..
Credit: Wibbitz Top Stories Duration: 01:31Published
Inflation Cooling , While Consumer Prices , Remain High.
In May, consumer price growth fell to
the lowest level since March of 2021,
according to Bureau of Labor Statistics. .
NBC reports that data..
Credit: Wibbitz Top Stories Duration: 01:31Published
Thursday, 15 June 2023
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![Inflation Cooling While Consumer Prices Remain High [Video]](https://video.newsserve.net/300/v/20230613/1354057240-Inflation-Cooling-While-Consumer-Prices-Remain-High.jpg)
