Rising prices have fuelled debate among economists about inflation risk - with some arguing that central banks should increase interest rates, while others urge caution.
On Wednesday (26 January), the US Federal Reserve announced it is likely to hike interest rates in March. The Bank of England raised rates in December and has announced further tightening for February.
Inflation in the eurozone currently stands at a historically-high level of five percent.
So far, the Eur...
Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.
Already a member? LoginWester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.
Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.