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29th Mar 2024

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Falling EU inflation may spark central bank moves

The EU's statistics agency Eurostat confirmed Monday that consumer prices keep falling in the bloc making it likely that the European Central Bank will move to stimulate the economy. Euro area annual inflation was 0.5% in May 2014, down from 0.7% in April. A year earlier the rate was 1.4%.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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