September

Consumer Pessimism in Australia Persists Amid Economic Stagnation

6 months ago

Recent data released in Australia indicates a growing pessimism among consumers, raising serious concerns about the state of the national economy. A survey conducted by Westpac showed that consumer confidence has reached a record low, suggesting tough times ahead for the country's economy. In fact, the Consumer Confidence Index fell by 5.3% in September compared to the previous month, marking the largest drop in recent months.

Increasing Confidence in European Central Bank's Rate Cut in September

6 months ago

The Vice President of the European Central Bank (ECB), Ludger Müller, stated that confidence in the possibility of a rate cut at the upcoming bank meeting in September is growing. This comment was made by Müller in the context of the current economic situation in Europe, characterized by a slowdown in inflation and declining economic activity. He noted that the data on consumer prices and the current economic dynamics are leading to a reassessment of the previously established interest rate strategy.

ECB Open to Discussing Future Monetary Policy at September Meeting

6 months ago

According to reports, officials from the European Central Bank (ECB) have expressed openness to discussing potential changes in monetary policy at the upcoming September meeting. Amid global economic uncertainty and high inflation levels, leading economists of the bank have pledged to closely examine various scenarios that may arise in the coming months.