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Eurozone Inflation Climbs to Fresh High as Russian Invasion Confronts ECB With Dilemma
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wsj.comThe eurozone’s inflation rate jumped to a new high in February, presenting the European Central Bank with a difficult choice between supporting flagging growth and clamping down on accelerating prices driven by the threat to energy supplies following Russia’s invasion of Ukraine.
Russia accounts for around 40% of the European Union’s imports of natural gas, a key source of energy for the bloc. It also supplies around a quarter of the bloc’s oil imports. While supplies of oil and gas have continued to flow from Russia into Europe, market prices have jumped to reflect worries about future availability.
Read more on wsj.comAbout this in other media
US Inflation for February Hits 7.9%, ECB Slows Asset Purchases cryptonews.com /2 years ago
Second attempt to evacuate Ukrainian city halted due to Russian attack, Ukraine says euronews.com /2 years ago
Sanctions and boycotts: the west’s response to Russian invasion of Ukraine theguardian.com /2 years ago
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