The European Central Bank is set to hike interest rates again on Thursday, with policymakers in Frankfurt shifting their focus to core inflation and trying to predict when sky-high consumer prices might fall.
The euro area economy is proving more resilient than expected and even avoided a contraction in the last quarter of the year.Meanwhile, the International Monetary Fund upgraded its growth outlook for the world economy for the first time in a year citing China and stable U.S. demand.
"With the economy proving more resilient to the energy shock and the labour market still tight, we think price pressures stemming from the services sector will take much longer to materially cool," said Paul Hollingsworth, chief economist for Europe at BNP Paribas, in a recent research note.. France and Spain recorded growth which made up for the shrinking output of Italy and Germany.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Dollar seesaws ahead of busy central bank weekThe dollar distanced itself from an eight-month trough on Monday ahead of a slew of central bank meetings this week, though gains were capped by dovish repricing of the U.S. Federal Reserve's rate-hike expectations as compared to more hawkish counterparts.
Baca lebih lajut »
Forex Today: Quiet start to big central bank weekHere is what you need to know on Monday, January 30: Markets stay relatively quiet early Monday as investors move to the sidelines to gear up for crit
Baca lebih lajut »
Gold Price Forecast: XAU/USD consolidates in a range, awaits key central bank meetingsGold price kicks off the new week on a subdued note and oscillates in a narrow trading band through the mid-European session. Currently placed around
Baca lebih lajut »
Montenegro's central bank teams up with Ripple on digital currency pilot projectPrime Minister of Montenegro Dritan Abazović announced a pilot digital currency project after meeting with Ripple representatives at the World Economic Forum.
Baca lebih lajut »
Asian stocks slip as investors eye central bank hikesAsian shares traded cautiously and bonds nursed small losses on Tuesday as investors braced for an eventful week that includes central bank meetings, a slew of earnings reports and key U.S. economic data.
Baca lebih lajut »
Asian stocks edge down as investors eye central bank hikesAsian shares edged down and bonds nursed small losses on Tuesday as investors braced for an eventful week that will include central bank meetings, a slew of earnings reports and key U.S. economic data.
Baca lebih lajut »