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Added on the 26/10/2023 14:36:51 - Copyright : Euronews EN
The European Central Bank president Christine Lagarde says that the ECB is raising interest rates again and signals it would "stay the course" in its monetary policy tightening, even as sky-high inflation starts to slow. SOUNDBITE
The European Central Bank is "very attentive" to economic risks posed by the conflict between Israel and Palestinian militant group Hamas, ECB president Christine Lagarde says after a meeting held exceptionally in Athens. Referring to the crisis in the Middle East as well as the war in Ukraine, she says: "We are monitoring the situation, we are very attentive to the economic consequences that that could have, whether in terms of direct or indirect impact on energy prices, or the level of confidence that economic actors will continue to display." SOUNDBITE
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 US Federal Reserve voted to pause its aggressive campaign of interest rate hikes despite "elevated" inflation, while indicating a sharp increase could be needed before the end of the year, the chairman of the central bank Jerome Powell announces during a press conference in Washington, DC. SOUNDBITE
The Federal Reserve announces the most aggressive interest rate increase in nearly 30 years, raising the benchmark borrowing rate by 0.75 percentage points as it battles against surging inflation. SOUNDBITE
The fallout from the war in Ukraine is "will put additional upward pressure on near-term inflation here at home," Federal Reserve Chair Jerome Powell says in a press conference following a two-day Monetary Policy Committee meeting. SOUNDBITE
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