Tag: Europe

Eurozone May flash services PMI 55.9 vs 55.6 expected

The contrast between the services and manufacturing readings were already outlined earlier by the French and German reports.

ECB to keep raising rates, though most of tightening is done, De Guindos says

The European Central Bank will have to keep raising interest further to bring inflation back to its mid-term goal of 2% though most of the tightening has already been done, ECB’s Vice President Luis de Guindos said on Thursday.