Inflation in the eurozone reached a new record in July
Inflation in the euro area in July reached a new historical record - 8.9% (in June it was 8.6%). And this, most likely, is not yet the peak of inflation, which means that we should expect another significant increase in the ECB's key rate, writes Reuters. for the first time in 11 years In mid-July, the European Central Bank raised its key rate - and by two steps at once, by 0.5 percentage points. This has not happened almost since the launch of monetary union in 2000.