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Added on the 20/06/2022 15:47:56 - Copyright : Euronews EN
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
European Central Bank President, Christine Lagarde, announces the ECB is lifting its key rates of interest by 75 basis points, leaving them sitting in a range of between 0.75 and 1.5 percent. It came after the bank hiked rates by 50 basis points in July, its first increase in more than a decade, in order to tame record eurozone inflation. These levels "will ensure the timely return of inflation to our 2% medium term target" she says, during a press conference in Frankfurt. SOUNDBITE
Federal Reserve Chair Jerome Powell announces a quarter-point increase in the benchmark interest rate to bring rising inflation under control, the first rate hike since the start of the Covid-19 pandemic. SOUNDBITE
Supply bottlenecks and a shortage of workers could put pressure on US prices for longer than expected, Federal Reserve Chair Jerome Powell says. "As the reopening continues, bottlenecks, hiring difficulties and other constraints can prove to be greater and longer-lasting than anticipated," Powell tells reporters following the central bank's two-day policy meeting. SOUNDBITE
Alameda, Apr 24 (EFE/EPA).- The Alameda Food Bank in California is seeing a dramatic increase in demand as a large number of people have been laid off from businesses forced to close from the 'shelter-in-place' order to contain the spread of the COVID-19 coronavirus.The Alameda Food Bank is a private, non-profit,agency founded in 1977 by a group of concerned local citizens with a goal to provide nutritious food to the low-income residents of the City of Alameda on a non-discriminatory basis. (Camera: JOHN MABANGLO). SHOT LIST: VOLUNTEERS PREPARE FOOD AT THE ALAMEDA FOOD BANK DISTRIBUTION CENTER BEFORE ITS OPENING IN ALAMEDA, CALIFORNIA, US.
Alameda, Apr 15 (EFE/EPA).- The Alameda Food Bank in California is seeing a dramatic increase in demand as a large number of people have been laid off from businesses forced to close from the 'shelter-in-place' order to contain the spread of the COVID-19 coronavirus.The Alameda Food Bank is a private, non-profit,agency founded in 1977 by a group of concerned local citizens with a goal to provide nutritious food to the low-income residents of the City of Alameda on a non-discriminatory basis. (Camera: JOHN G. MABANGLO).FOOTAGE SHOW VOLUNTEERS PREPARING BOXES OF FOOD IN A WAREHOUSE FOR THE ALAMEDA FOOD BANK DISTRIBUTION IN ALAMEDA, CALIFORNIA, USA.
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