Germany on Wednesday joined a list of major euro zone economies reporting a bigger than expected drop in inflation, suggesting that price growth may be falling more quickly than expected, adding to arguments for caution on rate hikes.
The European Central Bank has raised rates by a record 375 basis points in the past year and already flagged another move in June. But policy “doves,” particularly from the euro zone’s southern rim, have called for a more tempered approach as the increases are still working their way through the economy.
Euro zone inflation data is due on Thursday. Economists polled by Reuters expect inflation to fall to 6.3% in May from 7.0% in April. Analysts had expected the harmonised reading to increase by 6.8% on an annual basis. This is the lowest print since March 2022, in the aftermath of Russia's Ukraine invasion.
Food prices in Germany rose 14.9% year-on-year, slowing from the 17.2% rise in April. Energy prices registered a below-average increase of 2.6%, also down from 6.8% in the previous month. "To make sure this trend is not undermined, the European Central Bank's interest rate policy and state fiscal policy must continue to work hand in hand, Lindner tweeted on Wednesday
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Germany orders closure of four out of five Russian consulates in tit-for-tat moveGermany says it has told Russia to close four out of five consulates in Germany in a tit-for-tat move after Moscow set a limit for the number of German embassy staff and related bodies that can operate in Russia. Foreign Ministry spokesperson Christofer Burger told reporters in Berlin on Wednesday that the measure is intended to create a “parity of personnel and structures” between the two countries. The Russian government recently said that an upper limit of 350 German government officials, including those working in cultural bodies and schools, can remain in Russia. Burger said this means Germany will have to shut three consulates in Russia by November.
Leer más »
Germany orders Russia to close 4 out of its 5 consulates in tit-for-tat moveThe German government said Wednesday that it has told Russia to close four out of its five consulates general in Germany in a tit-for-tat move after Moscow set a limit for the number of staff at the German Embassy and related bodies in Russia.
Leer más »
Berlin has long overlooked far-right terrorism, German president admitsAt a memorial event to remember the victims of 1993 Solingen arson attack, Germany's President Frank-Walter Steinmeier urges increased efforts to combat racism and right-wing extremism, which he calls terrorism.
Leer más »
German researchers take us a step closer to making nuclear clocksRadiative decay is a crucial component in measuring time in a nuclear clock but researchers have never managed to measure it as accurately as now.
Leer más »
Sheffield Wednesday promoted to Championship with 123rd-minute Windass winnerSheffield Wednesday added a fairytale ending to their extraordinary League One playoff campaign as Josh Windass scored the winner in stoppage time of extra time to earn them promotion with a 1-0 victory over 10-man Barnsley in the final on Monday.
Leer más »
German Brand Winora Doubles Down On Utility With Two New FUB Cargo E-BikesWinora's new FUB electric bikes are ready to take you and your family on trips, boasting up to 250 kilograms of cargo capacity.
Leer más »