Source: Foundation for Economic Education
by Jake Scott
“A flurry of recent news from the European Union has put the eurozone economy into the spotlight: amid a background of solid growth in the manufacturing Purchasing Managers’ Index (PMI), the European Central Bank (ECB) has held off another rise in interest rates as inflation sticks at 3.8%, almost double its medium-term target of 2%. On top of this, the president of the ECB, Christine Lagarde, has announced her intention to resign in February 2027, roughly nine months earlier than her tenure is expected to end. There is, evidently, a lot going on in this, but despite the significance of Lagarde’s announcement, the most important is the level of inflation.” (11/04/26)