The European Central Bank just raised rates for the 9th consecutive time
Inflation in Europe is still 5.5%
Rates are now at a 23-year high in Europe: pic.twitter.com/YSpUeBSw1H
— Genevieve Roch-Decter, CFA (@GRDecter) July 27, 2023
Business credit conditions in the EU at 2008 levels ⚠️ pic.twitter.com/uH6x9eiT1E
— Longview Economics (@Lvieweconomics) July 27, 2023
Home lending in the EU reaches the slowest pace in over 8 years.. pic.twitter.com/9goNDTHFtH
— Longview Economics (@Lvieweconomics) July 27, 2023
German consumers less pessimistic than at the nadir last November. Still at historic lows for Europe's engine. pic.twitter.com/uGi9lqqazM
— Longview Economics (@Lvieweconomics) July 27, 2023
Bank shares like Deutsche Bank drop following ECB decision to no longer pay interest on the minimum reserves. pic.twitter.com/ltK8uBUqS9
— Holger Zschaepitz (@Schuldensuehner) July 27, 2023