Property bubbles, corporate debt among Europe’s top risks: ECB
The European Central Bank said in a biannual stability review that, the high debt levels and a property bubble are among Europe’s biggest economic vulnerabilities, weighing on its recovery from a pandemic-induced recession. During the pandemic copious government subsidy kept much of the euro zone afloat. But weaning the bloc off support will be tricky. Because, that […]
ECB’s de Guindos says credit still cheap, cautious on stimulus withdrawal
ECB Vice President Luis de Guindos said that Euro zone borrowers can still finance themselves cheaply despite a recent rise in bond yields. But the European Central Bank should be cautious in removing support for the debt market. The investors have begun to factor in a reduction in the pace of ECB bond purchases. This […]
UK inflation more than doubles to 1.5% in April
British consumer price inflation more than doubled in April. The Bank of England hopes that this will be a temporary surge, because the economy is recovering from last year’s slump due to the pandemic. The Office for National Statistics said that the Consumer prices rose by 1.5% in April. This follows a 0.7% rise in March. […]
Euro zone inflation accelerates in April on energy, services
The European Union’s statistics office Eurostat said that the Euro zone inflation accelerated as expected in April. This is because of a sharp rise in the costs of energy and services. The consumer prices in the 19 countries sharing the euro rose 0.6% month-on-month for a 1.6% year-on-year increase, up from 1.3% year-on-year in March said […]