Europe News
ECB declines to provide emergency liquidity for Ukraine loan
The latest effort to support Ukraine with immobilised Russian assets has suffered a new setback at the hands of the European Central Bank, which warned that the plan would violate EU treaties and undermine the institution's independence.
Economy
Eurozone inflation hits 5-month high: ECB expected to stay cautious
Eurozone inflation rose to 2.2% in September, its highest in five months, driven by services and energy. Core inflation held at 2.3%, suggesting underlying pressures remain firm. The data reinforces the ECB’s stance to keep rates on hold for now.