News from World

tag: BCE

28 January 2023

ECB develops statistical indicators to develop green finance

The European Central Bank (ECB) has published a first set of climate-related statistical indicators today to better assess the impact of climate-related risks on the financial sector and to monitor the development of sustainable and green finance, fulfilling another of the commitments of its climate action plan.

04 January 2023

Consumer goods price rises slow down in Europe

Inflation across Europe may have peaked. Price rises in France, Germany, and Switzerland all unexpectedly slowed in December, driven in part by lower energy prices, while inflation in the eurozone is expected to drop below 10% when new figures are released on Friday. [German Inflation Slowed ... - French Inflation Unexpectedly Slows... - Swiss Inflation Slows… - bloomberg]

02 December 2022

Extreme weather, high rates

Climate change may mean that inflation remains high, central bankers said. More extreme weather patterns both affect workers’ abilities to do their jobs and supply chains’ dependability, forcing prices higher.

02 June 2022

Upcoming salary negotiations are likely to push wages up, raising fears of wage-price spirals.

Inflation reached 8.1 percent in the eurozone in May, according to Eurostat's preliminary reading. ECB estimates wage growth to clock in at 3% this year, then declining to 2.5% the next. "There's galloping inflation and wages aren't keeping pace," said Luca Visentini, secretary-general of the European Trade Union Confederation. [Inflation eats wages, leaving workers hungry – Politico]

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