Heat waves and flooding could cost the European Union $50 billion in damage to buildings and crops as well as a loss of productivity, a new study found.
Tag: European Central Bank
Interest Rates Fall, but Central Banks Are No Longer in Lock Step
Officials in some countries started cutting rates last year, but others, including those in Europe and the United States, have taken a more cautious approach.
Why Interest Rate Cuts Won’t Fix a Global Housing Affordability Crisis
Central bankers are lowering borrowing costs, but that won’t be a cure-all for a widespread lack of affordable housing.
European Central Bank Cuts Interest Rates for the First Time Since 2019
The quarter-point reduction comes as inflation in the eurozone cools, prompting the E.C.B. to move before the Federal Reserve in the United States, where rates remain high.
Europe’s Economic Laggards Have Become Its Leaders
More than a decade after painful austerity, Greece, Portugal and Spain have been growing faster than traditional powerhouses like Germany.
Europe’s Policymakers Get Ready to Lower Rates, Regardless of the Fed
European Central Bank governors are highlighting cooler inflation as a sign the bank could cut interest rates before the Federal Reserve.
European Central Bank Signals Coming Rate Cut, Setting Up Split With Fed
The bank held rates for the fifth consecutive time, but said confidence was growing that inflation would return to its target and it could ease its stance soon.
Inflation Cools in Eurozone, Nearing Central Bank’s Target
Prices in the countries that use the euro rose 2.4 percent in the year through March, coming closer to the European Central Bank’s 2 percent inflation target.
E.U. Plans to Use Russian Frozen Assets to Pay for Weapons for Ukraine
Using interest earned on frozen Russian assets held in Europe, the bloc plans to raise billions. But other ways to pay for new weapons remain elusive.
U.S. Leading Soft Landing for Global Economy
Economies all over the world are lowering inflation while avoiding serious recession — but growth in the United States stands out.