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Eurozone inflation climbs to 3.2% as energy surge fuels ECB rate bets
economy1 month ago

Eurozone inflation climbs to 3.2% as energy surge fuels ECB rate bets

Eurozone flash inflation rose to an estimated 3.2% in May from 3.0% in April, led by a 10.9% jump in energy prices, reinforcing expectations for a 25 basis-point ECB rate hike at the next meeting. Germany’s inflation fell to 2.7%, while Greece and Lithuania topped 5% and France rose to 2.8%. Markets price roughly a 94% chance of a hike as energy shocks persist amid the Iran war; the euro held around $1.164 and Bund yields fell modestly.

via CNBC|
#ecb#economy#energy
Energy shock pushes euro-area inflation to 2.5% as ECB watch continues
economy3 months ago

Energy shock pushes euro-area inflation to 2.5% as ECB watch continues

Euro zone inflation rose to 2.5% in March, above the ECB's 2% target, driven by a sharp energy-price increase tied to the Iran-Israel/U.S. conflict; energy inflation about 4.9% while services and food rose more modestly. ECB President Lagarde signaled possible rate hikes if needed, and the central bank updated its forecasts to show 0.9% growth in 2026 with inflation averaging about 2.6% that year.

via CNBC|
#ecb#economy#energyprices
ECB Holds 2% Rate as Energy Shock Tests Inflation Outlook
economy3 months ago

ECB Holds 2% Rate as Energy Shock Tests Inflation Outlook

The ECB keeps its 2% policy rate for the sixth straight meeting as surging energy prices push near-term inflation higher, with 2026 inflation seen around 2.6% and growth trimmed to 0.9% this year; policymakers expect inflation to ease toward 2% in 2027–28, while the war in the Middle East adds uncertainty and traders still anticipate potential rate moves later in the year, and the euro rose after the decision.

via Financial Times|
#economy#energy-prices#european-central-bank
Brussels Countdown: The Race to Succeed Lagarde at the ECB
business4 months ago

Brussels Countdown: The Race to Succeed Lagarde at the ECB

As Christine Lagarde’s term nears its end, three ECB executive-board vacancies will surface next year, triggering a high-stakes Brussels horse-trading over the presidency; Knot is widely viewed as the favorite, with Pablo Hernández de Cos as the insider pick, while several German contenders (Isabel Schnabel, Joachim Nagel, Jörg Kukies) vie for the post and Kristalina Georgieva is a potential fallback.

via politico.eu|
#business#european-central-bank#eurozone
Poland sticks with the złoty as growth outpaces the eurozone, eyes G20 instead of euro adoption
economy5 months ago

Poland sticks with the złoty as growth outpaces the eurozone, eyes G20 instead of euro adoption

Poland’s finance officials say the country should keep the złoty for now, arguing the economy is outperforming eurozone peers and public opinion favors the currency; the shift under Prime Minister Tusk emphasizes economic reasons over politics as euro adoption is deprioritized. The OECD projects Poland to grow 3.4% this year, the fastest in the EU, while Warsaw seeks a G20 seat rather than joining the euro; Poland’s GDP topped $1 trillion and it has been invited to attend the Miami G20 meeting as an observer.

via TVP World|
#economicgrowth#economy#euroadoption
Poland bets on the zloty, delaying euro adoption amid booming growth
economy5 months ago

Poland bets on the zloty, delaying euro adoption amid booming growth

Poland says it will delay adopting the euro, arguing its economy now outperforms many euro-area peers and that keeping the zloty is in the country’s best interests. EU rules still require convergence before euro entry, but the timing is a political choice as Warsaw targets a G20 seat and public opinion leans toward staying with the zloty, with improved but careful relations between the government and the central bank amid tensions with the presidency.

via Financial Times|
#economy#eurozone#g20
Bulgaria Joins the Euro Amid Political Turmoil and EU Integration
world6 months ago

Bulgaria Joins the Euro Amid Political Turmoil and EU Integration

Bulgaria has officially joined the eurozone, marking a significant step in its integration into the European mainstream, despite mixed public opinions and political turmoil. The transition from the Bulgarian lev to the euro aims to boost trade and economic stability, with some fearing loss of sovereignty and economic stagnation, similar to Italy's experience, while others see it as an opportunity for growth.

via BBC|
#bulgaria#currency-transition#economic-impact
Bulgaria's Euro Adoption: A Mix of Excitement and Uncertainty
world6 months ago

Bulgaria's Euro Adoption: A Mix of Excitement and Uncertainty

Bulgaria is set to join the eurozone on January 1, 2026, marking a significant milestone in its EU integration, supported by stable macroeconomic indicators but challenged by political instability, corruption, and public skepticism. Experts emphasize the need for reforms and caution against overspending post-adoption, while highlighting the geopolitical importance of deeper Western European integration.

via DW|
#bulgaria#economic-reform#eu-integration
Bulgaria Withdraws Budget Amid Massive Protests
politics7 months ago

Bulgaria Withdraws Budget Amid Massive Protests

Bulgaria's government has decided to withdraw its controversial 2026 budget plan following massive protests across the country, which opposed the draft due to concerns over corruption, tax increases, and social security reforms. The protests, the largest in years, included clashes with police and attacks on political offices, prompting calls for government resignation and early elections. The government plans to start a new budget process amid ongoing political instability.

via BBC|
#budget-plan#bulgaria#corruption