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Added on the 31/03/2014 14:01:31 - Copyright : Euronews EN
European Central Bank president Christine Lagarde says interest rates will stay at their current record low levels until it sees inflation "durably" reaching the bank's new target of two percent. IMAGES
European Central Bank president Christine Lagarde announces that ECB decided to raise its inflation forecasts, with consumer price growth now seen reaching 8.4 percent for 2022 before easing slightly to 6.3 percent next year. By 2024, inflation should average 3.4 percent before reaching 2.3 percent in 2025. SOUNDBITE
The Bank of England announces in a press conference it is hiking its key interest rate by 0.75 percentage points, the biggest increase in 33 years, to fight inflation set to peak around 11 percent in recession-hit Britain. The latest rate hike mirrors aggressive rate-tightening by central banks worldwide as economies battle the highest prices in decades. SOUNDBITE
The European Central Bank President Christine Lagarde warns that growth in the eurozone risks slowing further, while inflation could continue to rise beyond recent record highs. SOUNDBITE
The European Central Bank unleashes another jumbo interest rate hike on the eurozone in an effort to combat record-high inflation, which has soared towards 10 per cent, and bring rising prices under control. The decision has been made despite concerns mounting over a darkening economic outlook. "With this third major policy rate increase in a row" says Christine Lagarde, ECB President, "we have made substantial progress in withdrawing monetary policy accommodation." SOUNDBITE
Beijing, Oct 15 (EFE/EPA).- The main indicator of inflation in China, the consumer price index (CPI), rose 1.7 percent year-on-year in September, the lowest rate so far this year, according to official data released by the National Bureau of Statistics on Thursday.In August the index had risen 2.4 percent compared to the same month last year, so the September data represents a drop of 0.7 percentage points in the month-on-month comparison. (Camera: Wu Hong).B-ROLL OF A MARKET IN BEIJING, CHINA.
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