Eurozone interest rates in record rise to fight inflation
The European Central Bank takes strong action as it tries to cool rapid price growth in the eurozone. …
If Russia were to cut gas supplies to the EU completely, then one scenario the ECB envisages – if it is not possible to secure alternative gas supplies from Asia, Norway and the US – is gas rationing across the whole euro area and a recession in 2023, Ms Lagarde said.
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