The Business Times
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Eurozone

International

Iran energy shock to cut eurozone growth by 0.4 percentage point: ECB

Younger firms used AI more intensely than older companies and use was skewed towards high-tech, knowledge-intensive services, the survey found.
International

Intense AI use still rare among eurozone firms, ECB researchers find

The digital euro will allow all eurozone residents to make payments online and in person.
International

Digital euro clears key hurdle as EU seeks to break free from US credit cards

ECB chief economist Philip Lane says inflation could remain well above target into the first half of 2027 after rising above 3% last month.
International

Eurozone inflation could stay high even with peace deal, says ECB official

The Flash Eurozone Manufacturing PMI dipped to 51.3 in June from 51.6 – a four-month low.
International

Eurozone private sector contraction eases in June, but services stay weak, PMI shows

Fresh forecasts show price gains taking until 2028 to ease back to ECB's 2 per cent target.
International

ECB’s Kocher says inflation to stay for a while after Iran deal

European Central Bank officials have cautioned that it will take months for the oil supply to get back to normal.
International

Eurozone wage growth to quicken in second half of this year

Several ECB watchers had characterised the move as an “insurance hike” - a precautionary step that could be reversed if price pressures fade.
Banking & Finance

ECB raises rates to nip war-led inflation in the bud

Thursday’s hike would be the first in nearly three years and take the ECB’s benchmark deposit rate to 2.25 per cent from 2 per cent.
Banking & Finance

ECB set for ‘insurance hike’ as Iran war fans eurozone inflation

Markets are all but sure that rates will be raised, maintaining bets on a quarter-point hike next month and another by year-end.
International

Inflation above ECB comfort zone in top economies backs hike

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