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Added on the 19/06/2019 18:58:23 - Copyright : Wochit
The European Central Bank unveils a new crisis-fighting tool to keep the borrowing costs of indebted eurozone governments like Italy under control as interest rates rise for the first time in a decade. Dubbed the "Transmission Protection Instrument (TPI)", the targeted bond-buying scheme "can be activated to counter unwarranted, disorderly market dynamics that pose a serious threat to the transmission of monetary policy across the euro area," says ECB President Christine Lagarde. SOUNDBITE by Christine Lagarde, President of the ECB
The European Central Bank will begin shrinking its enormous bond portfolio from March 2023, as part of efforts to fight high eurozone inflation, says ECB's president Christine Lagarde at a press conference in Frankfurt, Germany. SOUNDBITE
During a presentation of the latest European economic forecasts for 2022 and 2023, EU economy commissioner Paolo Gentiloni says that "inflation has continued to rise faster than expected, but we believe that the peak is near. Most likely at the end of this year". Europe is reeling from the economic shockwaves unleashed by Russia's war on Ukraine that has fuelled a spike in energy costs and hit the wallets of consumers around the continent. 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
Madrid, Sep 22 (EFECOM) .- The Spanish stock market rose 0.60% this Wednesday and has recovered the level of 8,800 points encouraged by the rise of most of the large international markets after the Chinese real estate giant Evergrande announced that will pay the interest on a debt issue, according to market data.
Madrid, Sep 14 (EFE).- The Spanish Stock Exchange maintains losses of 0.19% after the opening of the session this Tuesday, awaiting the publication of the US inflation data that, according to experts, could slow its rise in August. FOOTAGE OF THE SPANISH STOCK EXCHANGE MARKET.