News | Latest Breaking News Stories & Headlines

The euro is heading for a weekly gain as some calm returned to foreign exchange markets at the end of a wild week

Euro falls after inflation but heads for weekly gain

The euro dropped today after inflation in the euro zone hit a record high, but was heading for a weekly gain on hawkish signals from the European Central Bank as some calm returned to foreign exchange markets at the end of a wild week.

Business • 30 Sep 22

Euro zone inflation rate hit a new record of 9.1% in August, preliminary figures show today

Euro zone inflation rate hits new record high of 9.1%

Inflation across the euro area is estimated to have risen to a new historic high of 9.1% in August, according to the EU's statistical agency Eurostat.

Business • 31 Aug 22

Inflation in Ireland is estimated to have risen in June to 9.6%, new Eurostat figures show

Irish inflation estimated at 9.6% in June - Eurostat

Inflation across the euro area rose to 8.6% in June, according to an initial estimate by the EU's statistical agency Eurostat.

Business • 01 Jul 22

Price growth across the 19 countries sharing the euro rose to 8.1% in May from 7.4% in April, new figures confirmed today

Euro zone inflation confirmed at record high of 8.1%

Euro zone inflation rose to a record high 8.1% last month in line with a preliminary estimate, more than four times the European Central Bank's target.

Business • 17 Jun 22

Inflation in the 19 countries sharing the euro accelerated to 8.1% in May from 7.4% in April

Irish inflation hits 8.2% in May, Eurostat estimates

New figures from Eurostat have forecast that Ireland's Harmonised Index of Consumer Prices measure of inflation has risen to 8.2% in May from 7.3% in April - higher than the euro zone average.

Business • 31 May 22

Consumer inflation expectations, which reached an all-time high in March, continued to decline in May

Euro zone sentiment barely changed in May

Euro zone economic sentiment barely changed in May as slightly greater optimism in services and among consumers offset an ebbing of confidence in industry, data showed today.

Business • 30 May 22

Euro zone inflation held steady at a record high 7.4% in April, on the back of soaring fuel and food costs

Euro zone inflation at record high of 7.4% in April

Euro zone inflation held steady at a record high 7.4% in April, driven by soaring fuel and food costs, the EU's statistics agency said today, lowering its estimate from a preliminary 7.5%.

Business • 18 May 22

ECB's Lane say first rate hike is no big deal

The European Central Bank's first rate hike in over a decade is no big issue for the ECB and the question is rather how fast it should raise borrowing costs further after that, the bank's chief economist Philip Lane said today.

Business • 29 Apr 22

The latest flash reading from Eurostat indicates a euro zone inflation rate of 7.5% in April

Euro zone inflation rises to new high of 7.5% in April

Inflation across the euro area is forecast to have risen to 7.5% in April, according to the latest "flash" estimate from EU's statistical service Eurostat.

Business • 29 Apr 22

Euro zone inflation soared to 7.4% in March - well above the ECB's 2% target

Euro zone inflation close to peak - ECB vice-president

A surge in euro zone consumer prices, propelled even higher by Russia's invasion of Ukraine, is "very close" to reaching its peak, European Central Bank vice-president Luis de Guindos said today.

Business • 28 Apr 22

An earlier estimate by Eurostat put March euro zone inflation at 2.5% in the month and 7.5% from a year ago

Euro zone March inflation revised slightly lower

Euro zone inflation in March was marginally lower than earlier reported, the EU's statistics office said today, but were still at record highs because of a surge in the cost of energy.

Business • 21 Apr 22

The latest euro zone inflation figures will make grim reading for the European Central Bank

Euro zone inflation hits record high of 7.5% in March

Euro zone inflation surged to 7.5% in March, hitting another record high with months still left before it is set to peak.

Business • 01 Apr 22

Euro zone households are picking up the bill for soaring energy costs in the wake of Russia's shock invasion of Ukraine

Euro zone inflation surge intensifies ECB dilemma

Inflation continued to surge across Europe's biggest economies this month, leaving households poorer as they picked up the bill for soaring energy costs in the wake of Russia's shock invasion of Ukraine.

Business • 31 Mar 22

The ECB should be ready to change course if the outlook deteriorates due to Russia's war in Ukraine, its chief economist Philip Lane said

ECB sees inflation stabilising around 2% target - Lane

Euro zone inflation is increasingly likely to stabilise around 2% but the European Central Bank should be ready to change course if the outlook deteriorates due to Russia's war in Ukraine, ECB chief economist Philip Lane said today.

Business • 31 Mar 22

S&P Global's Flash Composite Purchasing Managers' Index slipped to 54.5 in March from 55.5 in February

March euro zone business growth stronger than expected

Euro zone business activity has been stronger than expected this month, a survey showed today, although prices also rose at a record pace, likely adding to pressure on the European Central Bank to raise interest rates.

Business • 24 Mar 22

A 32% jump in energy costs drove euro zone inflation last month

Euro zone inflation soars to new high of 5.8%

Euro zone inflation soared to another record high last month, intensifying a policy dilemma for the European Central Bank, which must convey a sense of calm amid war-related market turmoil but also respond to mounting price pressures.

Business • 02 Mar 22

IHS Markit's Flash Composite Purchasing Managers' Index jumped to a five-month high of 55.8 in February from 52.3 in January

Euro zone economic recovery rebounds despite inflation

The euro zone economic recovery rebounded sharply this month as an easing of coronavirus restrictions gave a boost to the bloc's dominant service industry, a survey showed, but consumers faced prices rising at a record rate.

Business • 21 Feb 22

Professor Philip has again defended his long-held view that the current, record-high inflation rate in the euro zone was temporary

Inflation doesn't need policy tightening - ECB's Lane

Euro zone inflation will return to trend without significant policy tightening by the European Central Bank as pandemic-related bottlenecks in goods as well as labour are resolved, the ECB's chief economist Philip Lane said today.

Business • 10 Feb 22

The new Bundesbank President Joachim Nagel

ECB could raise rates in 2022, Bundesbank chief says

The European Central Bank could raise interest rates this year as high inflation is proving more persistent than once thought, new Bundesbank President Joachim Nagel told German newspaper Die Zeit today.

Business • 09 Feb 22

Today's figures show the highest annual increase was seen in Ireland with industrial producer prices soaring by over 99%

Euro zone industrial producer prices race 26% higher

Industrial producer prices in December rose across both the EU and the euro area at an annual rate of 26.2%, new figures show today.

Business • 03 Feb 22

The European Central Bank has kept euro zone interest rates unchanged at record lows today - as expected

ECB keeps policy unchanged despite record inflation

The European Central Bank kept policy unchanged as expected today, curbing stimulus over the coming months but maintaining plenty of support for the economy even after inflation unexpectedly hit a fresh record high.

Business • 03 Feb 22

IHS Markit's final Composite Purchasing Managers' Index dropped to 52.3 in January from 53.3 in December

Euro zone business growth lost more momentum

Euro zone economic growth lost more momentum in January as the bloc's dominant services industry suffered from subdued demand amid tighter restrictions to contain the Omicron coronavirus variant.

Business • 03 Feb 22

Inflation in the 19-country euro zone accelerated to 5.1% in January from 5% in December, new figures show today

Euro zone inflation hits new record high of 5.1%

Euro zone inflation rose to a new record high last month, defying expectations for a big drop and adding to already copious doubts that price pressures are as benign and temporary as the European Central Bank still expects.

Business • 02 Feb 22

Inflation will be one of the key issues on the ECB's agenda this week

Euro zone economy - 5 questions for the ECB

Record euro area inflation rates mean price pressures will top the agenda for European Central Bank policymakers meeting on Thursday.

Business • 31 Jan 22

Philip Lane said the ECB was increasingly relaxed about the economic impact of Covid-19's Omicron variant

ECB to respond if inflation stayed above expectations

The European Central Bank would tighten policy if inflation was seen holding above its target, but such a scenario appears less likely for now, Philip Lane, the bank's chief economist, told a Lithuanian newspaper just over a week before the next policy meeting.

Business • 25 Jan 22

Euro Zone Inflation

Euro falls after inflation but heads for weekly gain

Euro zone inflation rate hits new record high of 9.1%

Irish inflation estimated at 9.6% in June - Eurostat

Euro zone inflation confirmed at record high of 8.1%

Irish inflation hits 8.2% in May, Eurostat estimates

Euro zone sentiment barely changed in May

Euro zone inflation at record high of 7.4% in April

ECB's Lane say first rate hike is no big deal

Euro zone inflation rises to new high of 7.5% in April

Euro zone inflation close to peak - ECB vice-president

Euro zone March inflation revised slightly lower

Euro zone inflation hits record high of 7.5% in March

Euro zone inflation surge intensifies ECB dilemma

ECB sees inflation stabilising around 2% target - Lane

March euro zone business growth stronger than expected

Euro zone inflation soars to new high of 5.8%

Euro zone economic recovery rebounds despite inflation

Inflation doesn't need policy tightening - ECB's Lane

ECB could raise rates in 2022, Bundesbank chief says

Euro zone industrial producer prices race 26% higher

ECB keeps policy unchanged despite record inflation

Euro zone business growth lost more momentum

Euro zone inflation hits new record high of 5.1%

Euro zone economy - 5 questions for the ECB

ECB to respond if inflation stayed above expectations