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Added on the 11/11/2022 12:30:18 - Copyright : AFPTV - First images
European Central Bank President Christine Lagarde says Eurozone inflation is slowing but is still expected to be "too high for too long", as the ECB raises interest rates for the ninth consecutive time. SOUNDBITE
The Fed predicts a 5.2 percent rate of inflation, as measured by the personal consumption expenditures price index, before falling rapidly to 2.6 percent next year and 2.2 percent in 2024, Chair Jerome Powell says during a press conference. SOUNDBITE
The IMF warns high inflation will remain high for longer than expected. IMF First Deputy Managing Director Gita Gopinath says inflation "has been driven by an increase in commodity prices, energy prices and food prices." SOUNDBITE
Venezuelan opposition leader Edmundo Gonzalez Urrutia is expected to land at the Madrid military airport in Torrejon de Ardoz, Spain, after being granted political asylum, after a month in hiding in the crisis-hit South American country. IMAGES
Federal Reserve chair Jerome Powell says that his "confidence has grown" that the battle against inflation is on track. "After a pause earlier this year, progress toward our 2 percent objective has resumed. My confidence has grown that inflation is on a sustainable path back to 2 percent," he says in a keynote speech at the Jackson Hole Economic Symposium in the US state of Wyoming. SOUNDBITE
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