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Flag of the European Community in front of the Eurotower in Frankfurt am Main

The ECB raised interest rates again on Thursday, with more expected to come

Flag of the European Community in front of the Eurotower in Frankfurt am Main

Christine Lagarde said the bank's baseline scenario was subdued economic growth

Energy prices rose 38.3% in August in euro zone

Several hundred euro banknotes stacked by value. Euro money concept. Rolls Euro banknotes. Euro currency. Announced cancellation of five hundred euro banknotes. Banknotes stacked on each other in different positions. Toned photo.

ING warns of ‘no imminent signs of relief’ as energy prices rise nearly 40% in eurozone

Several hundred euro banknotes stacked by value. Euro money concept. Rolls Euro banknotes. Euro currency. Announced cancellation of five hundred euro banknotes. Banknotes stacked on each other in different positions. Toned photo.

Another European rate hike expected in September; Bank of Japan short-term policy rate stays at minus 0.1%

Several hundred euro banknotes stacked by value. Euro money concept. Rolls Euro banknotes. Euro currency. Announced cancellation of five hundred euro banknotes. Banknotes stacked on each other in different positions. Toned photo.

The ECB will end asset purchases on Friday that worked to boost the economy

Flag of the European Community in front of the Eurotower in Frankfurt am Main

Inflation in the 19 countries that share the euro currency hit 7.5% in April

Flag of the European Community in front of the Eurotower in Frankfurt am Main

Slower normalization could increase divergence in foreign exchange rates

Several hundred euro banknotes stacked by value. Euro money concept. Rolls Euro banknotes. Euro currency. Announced cancellation of five hundred euro banknotes. Banknotes stacked on each other in different positions. Toned photo.

Energy prices, up 28.6%, played a major role in record inflation for nations using euro currency, but ECB predicts it will fall to 1.8% in 2023 and 2024

Energy costs jumped 26%, Eurostat reports, while food price increases also contributed to European inflation