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Added on the 07/11/2021 15:43:38 - Copyright : Euronews EN
The US Federal Reserve raises its benchmark lending rate to the highest level since 2001 to tackle above-target inflation, and signaled the possibility of further increases ahead. SOUNDBITE
The International Monetary Fund projects that energy prices "will be elevated" during the coming winter months but will then "come back down by the end of the first quarter next year and into the second quarter," IMF chief economist Gita Gopinath says in an interview with AFP. SOUNDBITE
The European Central Bank (ECB) announces its first interest rate cut since 2019, reducing borrowing costs from record highs, but giving few clues about its next move while warning of continuing inflation pressures. "The governing council today decided to lower the three key ECB interest rates by 25 basis points," says Christine Lagarde, ECB President. SOUNDBITE
With their tractors and haystack-filled tipper lorries stationed on A6 motorway, French farmers are facing a police roadblock as they near Rungis, the world's second largest wholesale food market, just south of Paris. IMAGES
European Central Bank President Christine Lagarde announces that ECB European Central Bank left its key interest rates unchanged again. The third consecutive pause since October was widely expected, and leaves the benchmark deposit rate at a record high of four percent. SOUNDBITE
French Finance Minister Bruno Le Maire said building six new nuclear reactors is the "biggest industrial challenge of our time for France". Le Maire spoke outside nuclear power plant of Gravelines in northern France. French President Emmanuel Macron has vowed to have six EPRs or third generation pressurised water nuclear reactors, by 2035. SOUNDBITE
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