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Several hundred euro banknotes stacked by value. Euro money concept. Rolls Euro banknotes. Euro currency. Announced cancellation of five hundred euro banknotes. Banknotes stacked on each other in different positions. Toned photo.

The eurozone had a technical recession, with output dropping in Q4 2022 and Q1 2023

Dollar collage

Global preeminence of the U.S. dollar facing multiple challengers

Flag of the European Community in front of the Eurotower in Frankfurt am Main

Stronger core inflation expected to drive higher rates in euro area

Several hundred euro banknotes stacked by value. Euro money concept. Rolls Euro banknotes. Euro currency. Announced cancellation of five hundred euro banknotes. Banknotes stacked on each other in different positions. Toned photo.

December rate of 9.2% down from 10.6% in October but energy prices up 25.7%

Flag of the European Community in front of the Eurotower in Frankfurt am Main

The ECB raised interest rates again on Thursday, with more expected to come

Flag of the European Community in front of the Eurotower in Frankfurt am Main

Christine Lagarde said the bank's baseline scenario was subdued economic growth

Energy prices rose 38.3% in August in euro zone

Several hundred euro banknotes stacked by value. Euro money concept. Rolls Euro banknotes. Euro currency. Announced cancellation of five hundred euro banknotes. Banknotes stacked on each other in different positions. Toned photo.

ING warns of ‘no imminent signs of relief’ as energy prices rise nearly 40% in eurozone

Several hundred euro banknotes stacked by value. Euro money concept. Rolls Euro banknotes. Euro currency. Announced cancellation of five hundred euro banknotes. Banknotes stacked on each other in different positions. Toned photo.

Another European rate hike expected in September; Bank of Japan short-term policy rate stays at minus 0.1%

Several hundred euro banknotes stacked by value. Euro money concept. Rolls Euro banknotes. Euro currency. Announced cancellation of five hundred euro banknotes. Banknotes stacked on each other in different positions. Toned photo.

The ECB will end asset purchases on Friday that worked to boost the economy