A member of the European Central Bank's Governing Council, Boris Vujcic, stated that the bank has finished raising interest rates for now due to falling inflation and measures to dampen lending. This comes after the ECB kept rates unchanged for the first time in over a year, with expectations that borrowing costs will remain at this level until 2024.
-- The European Central Bank is done with interest-rate increases for the time being, Governing Council member Boris Vujcic said.Israel Deepens a War With Hamas That Has No End in Sight
Euro-area inflation peaked at 10.6% in October 2022, but has since slowed markedly. Data on Tuesday are expected to show it weakened to 3.1% this month, far closer than before to the ECB’s 2% goal. Asked about the phenomenon, Vujcic said that Croatian banks haven’t raised interest rates on deposits as much as their German counterparts, but that mortgages and loans in the euro area’s newest member country also are cheaper than those in Germany.X, One Year Later: How Elon Musk Made a Mess of Twitter’s BusinessThe co-anchors of the "Saturday Night Live" news segment scorched Trump and his family amid the former president's legal battles.
Trump, who once appeared to defend January 6 threats against Pence, calls on his former VP to endorse him Two of Canada's Prairie premiers say Ottawa's decision to exempt the carbon tax on heating oil fails to address affordability needs in Alberta and Saskatchewan.Prime Minister Justin Trudeau announced Thursday the carbon tax would be exempt for three years on home heating oil, a move that largely helps those in the Atlantic provinces where it's a main source for home heating.
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