He appeared to get support on Thursday from the influential Bank of France Governor François Villeroy de Galhau, who argued that “the balance of risks on growth and inflation is … shifting to the downside,” and that possible U.S. tariffs are unlikely to change the eurozone inflation outlook in particular. The ECB cut its benchmark … Read more
Meloni’s careful stewardship of the Italian economy has been rewarded by Europe’s famously fickle financial markets. But chaos across the Alps could draw unwanted attention to Italy’s huge debt pile. Jun 27 6 mins read Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In each … Read more
Thursday’s decision will mark the first time in over two decades that it will have lowered borrowing costs in response to a classical easing of inflation pressures, rather than a financial catastrophe hitting the currency union. As such, Lagarde, who has often been criticized for lacking central banking expertise, has won a major battle. But … Read more
