Tag: Reuters Poll

According to a Reuters poll, despite the EU almost certainly entering a recession, the European Central Bank will continue to tighten policy, raising its deposit rate by 50 basis points next month as it worries that rapid price growth is becoming entrenched. Inflation in the region has soared due to rising energy prices following Russia's invasion of Ukraine and disrupted supply chains, reaching 10.6% last month - more than five times the ECB's 2.0% target. Although the central bank started raising interest rates later than most of its major counterparts...