Thursday

28th Mar 2024

Ticker

French central bank lifts 2017 growth forecast

The French economy has grown faster than expected this year, reaching the fastest pace since 2011 at 1.8 percent, the French central bank announced on Thursday. Also the European Central Bank raised eurozone growth forecasts on Thursday and said inflation is expected to be at 1.7 percent in 2020, close to its target of almost 2 percent.

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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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