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Tag Archives: Oct 2022

Economic sentiment in Greece declines in October

The economic sentiment index plunged to 98.3 points in October, from 104.9 in September, as the end of the tourism season (meaning lower employment and income), combined with the high inflation generated pessimism in both businesses and households. Signs from the purchasing managers’ index (PMI) in manufacturing are far from …

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ECB makes large interest rate hike, bank deposits at 1.5%

The European Central Bank piled on another outsized interest rate hike aimed at squelching out-of-control inflation, increasing rates Thursday at the fastest pace in the euro currency’s history and raising questions about how far the bank intends to go with the threat of recession looming over the economy. The 25-member …

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