europeancentralbank
Headline inflation in the euro area eased to 2.5% in June, as reported by the European Union’s statistics agency on Tuesday. This figure matched the expectations set by economists in a Reuters poll. In contrast, May’s inflation had been slightly higher at 2.6%. Core inflation remains steadyWhile headline inflation showed a slight decline, core inflation, which excludes volatile items such as energy, food, alcohol, and tobacco, remained steady at 2.9%, just missing the forecast of 2.8%. The rate of price increases in the services sector also held firm at 4.1%. Implications for interest ratesThe...
Invezz
The European Central Bank (ECB) has provided an update on the development of a digital euro, highlighting the importance of user privacy and data protection. The ECB announced on Monday that it will decide in 2025 whether to advance to the next phase of the project, following the completion of legislative elections within European Union institutions. Emphasis on privacy and data protection The ECB emphasised that user privacy has been a fundamental aspect of the digital euro project since its inception. The bank assured that for online digital euro payments, privacy would be safeguarded in a w...
Invezz
Manufacturing activities across the Eurozone decreased in April as the drop in demand caused prices to fall in factories again, pushing firms to reduce employment. Europe’s regional disparity in performanceCircumstances differ throughout the European region. France and Italy underperformed, while Spain expanded at the fastest rate in almost two years. Unlike France and Italy, Spain recorded a quick increase in activity. According to the newest Eurozone manufacturing Purchasing Managers’ Index reported by S&P Global and published by HCOB, manufacturing dropped to 45.7 in April after March’s 46....
Invezz
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