Economic news

Euro zone business on the rise, though prospects are uncertain

Business activity in the euro zone gained traction last month, bolstering the ECB to tighten policy, however purchasing managers’ mood was at the minimum since the end of 2016, showed a survey.

More robust growth, together with mounting pressure on prices, can be a signal for ECB officials as they announced in the past month that regular bond buying program would be terminated in 2018.

The statement that the bank made on June 14, taking into account many unclear issues that the economy faces, said that interest rate hike was far away.

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