Europe is crazy
- Author:sofreight.com
- Release Date:2022-09-15
For the first time in 23 years, the European Central Bank raised 75 basis points! Inflation "breaks through the sky", some people in Germany have begun to take a cold bath
According to the CCTV News client, on September 8, local time, the European Central Bank Management Committee meeting decided to raise 75 basis points on a sharp interest rate. Among the three main interest rates, the re -financing interest rate rose to 1.25%, the marginal loan interest rate was 1.50%, the deposit interest rate It is 0.75%.
This is the European Central Bank raised interest rates since July this year, and the interest rate hike exceeds the past. The move is mainly to curb the inflation that the euro zone is still intensifying.
According to the Securities Times, this is also the first time that the European Central Bank has raised 75 basis points in 1999.
High inflation, the economic growth of the euro zone has slowed sharply
Since November 2021, due to factors such as tightening supply chain, the inflation rate in the euro area has continued to rise rapidly. The Ukrainian crisis that broke out in February this year has led to a decrease in energy supply and energy prices have continued to rise, which has increased the trend of inflation.
According to Xinhua Finance News, the latest data released by the EU Statistical Bureau on September 7 shows that the final value of the euro zone in the second quarter of GDP recorded 4.1%, a decline from 5.4%in the first quarter. Essence Among them, the euro zone's largest economy in Germany in the second quarter of the GDP quarterly rate was only 0.1%, which was far lower than 0.8%in the first quarter.
According to the European Energy Exchange (EEX) data, this Monday, the electricity price delivered by Germany next year -the history of European benchmark electricity prices exceeded 1,000 euros for the first time, and the cumulative increase of 70%last week was 70%.
Last Friday, the electricity price delivered by France next year once reached 1130 euros/MWh (about 7.73 yuan 1 degree power), an increase of 25%within the day. Historically, it exceeded 1,000 euros for the first time, and the cumulative increase of more than 50%last week.
The out of control's energy price further pushed the inflation.
Public data shows that the reconciliation of CPI in the euro zone in August reached 9.1%year -on -year, renewing a record high, with a previous value of 8.9%. Among them, the price of energy items rose by 38.3%year -on -year, and it is still the largest driving force to drive the overall inflation level. Food items followed closely, up 10.6%year -on -year, and the year -on -year growth rate was higher than 9.8%in July.
After the European Central Bank announced the interest rate resolution, the euro rose to the US dollar by more than 20 o'clock, and as of press time, as of the time of press release, 1.0007.
As of press time, the British FTSE 100 index fell 0.02%, the French CAC40 index fell 0.12%, and the German DAX index fell 0.64%.
According to the European Central Bank website, it is estimated that the demand pressure and supply bottlenecks in certain industries are still pushing high inflation due to the rise in energy and food prices, and inflation may rise further in the short term.
In addition, recent data show that the economic growth of the euro zone has slowed sharply, and the economy is expected to fall into stagnation later this year and the first quarter of 2023.
According to the Finance Press, the European Central Bank governor Lagarde said that he may raise interest rates at more than two and less than five meetings.
High inflation, rising energy crisis, and living costs ... Under multiple economic difficulties, the European economy is on the edge of decline.
The euro zone's series of prospective indicators show a downward trend. The latest data shows that the euro zone's economic boom index fell from 99 last month to 97.6, which has fallen to 19 months.
The euro that endlessly covered the European economic prospect again. A few days ago, the euro fell below the 1.0 mark again after "struggling" the US dollar at a parity for more than a month. Insiders believe that in the context of the energy crisis and economic slowdown, the European Central Bank's interest rate hike may have a limited effect on reversing the vulnerable to the euro. The euro exchange rate may continue to pressure.
High energy prices
The cost of life soared
According to Xinhua News Agency, in the past few days, people in the Czech Republic, Germany and other countries have taken the streets to protest price rise and oppose sanctions against Russia. Europe is tasting the bitter fruit brought by sanctions on Russia.
Since the European Union reached an agreement of 15%of the amount of natural gas this winter in late July, member states have issued various new energy -saving rules, calling on people to save it. For example, Germany stipulates that the room temperature after heating of public buildings must not exceed 19 degrees Celsius. Depending on the situation, the private swimming pool heating and the facade of the shop at night are prohibited. Public buildings and monuments will no longer light up at night for beauty. French President Macron told the public in a straightforward manner: "The rich days are over."
According to the overseas network, the British "Daily Mail" website quoted the Swiss media "Bilick" on the 7th that Swiss Ministry of Economic Affairs spokesman Swan Deli said on the 6th that this winter violated the Swiss government instructions and heated the heating in the home to 19 ° to 19 ° Swiss above C will face a fine and a maximum three years in prison.
A Zoo in Binhai Sanson in the UK said on the 7th that due to the soaring energy price, it may have to be euthanized to all animals in the park.
According to Miller, the zoo's electricity bills have risen from £ 240,000 to 750,000 pounds this year. He may have to euthanize all the animals. "Otherwise, you have to find another place for them, but all other zoo will face the same situation."
A data released on June 1, local time, shows that due to the general rising price, the average expenditure of French families increased by 90 euros per month.
According to the data released by the French "60 million Consumers" magazine and market research agency Nielsen IQ, the continuous inflation caused the average expenditure of French families to increase by 90 euros per month, of which one -third came from the soaring energy price. One is from transportation fuel, and one -third comes from the rise in the prices of daily consumer goods (such as food, daily necessities, etc.). The magazine and market research agency Nielsen IQ stated that French families need this additional expenditure to maintain the original consumption level in the context of continuous inflation and cope with rising prices. The number of 90 euros is based on France. The actual weight of fuel, energy and consumer goods in the family budget is determined.
Recently, German energy and food prices have risen higher and higher. Many families have begun to cut off unnecessary expenditures, postpone buying large -scale goods, or more discount store shopping. Data show that in the face of rising prices, 44%of Germans said they did not have enough economic reserves to maintain their existing living standards.
Ms. Verbeck, a salesman who lives in Berlin, said that the current price is rising, and she can only take care of them in all aspects. In the past, I often drove to work. Now the price of oil is high, the parking is expensive, and the cost of refueling is twice as high as before, so I often take a bus or ride a bicycle to get off work.
"We used to buy bread and yogurt from the supermarket, but the price rose too fast. Now we have to bake at home, so that we can save a little bit." Said Tania Sidel, a 31 -year -old housewife Tania Sidel.
Although Sidel's husband was the head of a department in a medium -sized enterprise, her income was not bad, but she also decided to go out to work again because she felt that money was getting more and more impatient.
According to the overseas network quoted the "The Local" of the German media, German electricity bills soared by 600 % due to the energy crisis, and some residents said that they are taking measures such as cold baths, discontinuation of dryers, and switching to LED light bulbs to cope with soaring electricity prices Essence
Affected by the energy crisis, some German companies have also begun to implement energy restrictions. Vonovia, the largest real estate company in Germany, has publicly stated that in the next few months of autumn and winter, the temperature of the tenant heating system will be reduced to 17 ° C from 11 pm to 6 am to save 8%. Heating cost. In the city of Diphdswald in Saxony, some tenants were banned from taking a hot bath from 8 am to 11 am, 1 pm to 5 pm, and 9 pm. In Hannover, the public swimming pool no longer provides hot water shower, and the city has begun energy -saving measures such as limited electronic office supplies, stopping public hot water, and closing fountains from July.
According to the CCTV News client, on September 8, local time, the European Central Bank Management Committee meeting decided to raise 75 basis points on a sharp interest rate. Among the three main interest rates, the re -financing interest rate rose to 1.25%, the marginal loan interest rate was 1.50%, the deposit interest rate It is 0.75%.
This is the European Central Bank raised interest rates since July this year, and the interest rate hike exceeds the past. The move is mainly to curb the inflation that the euro zone is still intensifying.
According to the Securities Times, this is also the first time that the European Central Bank has raised 75 basis points in 1999.
High inflation, the economic growth of the euro zone has slowed sharply
Since November 2021, due to factors such as tightening supply chain, the inflation rate in the euro area has continued to rise rapidly. The Ukrainian crisis that broke out in February this year has led to a decrease in energy supply and energy prices have continued to rise, which has increased the trend of inflation.
According to Xinhua Finance News, the latest data released by the EU Statistical Bureau on September 7 shows that the final value of the euro zone in the second quarter of GDP recorded 4.1%, a decline from 5.4%in the first quarter. Essence Among them, the euro zone's largest economy in Germany in the second quarter of the GDP quarterly rate was only 0.1%, which was far lower than 0.8%in the first quarter.
According to the European Energy Exchange (EEX) data, this Monday, the electricity price delivered by Germany next year -the history of European benchmark electricity prices exceeded 1,000 euros for the first time, and the cumulative increase of 70%last week was 70%.
Last Friday, the electricity price delivered by France next year once reached 1130 euros/MWh (about 7.73 yuan 1 degree power), an increase of 25%within the day. Historically, it exceeded 1,000 euros for the first time, and the cumulative increase of more than 50%last week.
The out of control's energy price further pushed the inflation.
Public data shows that the reconciliation of CPI in the euro zone in August reached 9.1%year -on -year, renewing a record high, with a previous value of 8.9%. Among them, the price of energy items rose by 38.3%year -on -year, and it is still the largest driving force to drive the overall inflation level. Food items followed closely, up 10.6%year -on -year, and the year -on -year growth rate was higher than 9.8%in July.
After the European Central Bank announced the interest rate resolution, the euro rose to the US dollar by more than 20 o'clock, and as of press time, as of the time of press release, 1.0007.
As of press time, the British FTSE 100 index fell 0.02%, the French CAC40 index fell 0.12%, and the German DAX index fell 0.64%.
According to the European Central Bank website, it is estimated that the demand pressure and supply bottlenecks in certain industries are still pushing high inflation due to the rise in energy and food prices, and inflation may rise further in the short term.
In addition, recent data show that the economic growth of the euro zone has slowed sharply, and the economy is expected to fall into stagnation later this year and the first quarter of 2023.
According to the Finance Press, the European Central Bank governor Lagarde said that he may raise interest rates at more than two and less than five meetings.
High inflation, rising energy crisis, and living costs ... Under multiple economic difficulties, the European economy is on the edge of decline.
The euro zone's series of prospective indicators show a downward trend. The latest data shows that the euro zone's economic boom index fell from 99 last month to 97.6, which has fallen to 19 months.
The euro that endlessly covered the European economic prospect again. A few days ago, the euro fell below the 1.0 mark again after "struggling" the US dollar at a parity for more than a month. Insiders believe that in the context of the energy crisis and economic slowdown, the European Central Bank's interest rate hike may have a limited effect on reversing the vulnerable to the euro. The euro exchange rate may continue to pressure.
High energy prices
The cost of life soared
According to Xinhua News Agency, in the past few days, people in the Czech Republic, Germany and other countries have taken the streets to protest price rise and oppose sanctions against Russia. Europe is tasting the bitter fruit brought by sanctions on Russia.
Since the European Union reached an agreement of 15%of the amount of natural gas this winter in late July, member states have issued various new energy -saving rules, calling on people to save it. For example, Germany stipulates that the room temperature after heating of public buildings must not exceed 19 degrees Celsius. Depending on the situation, the private swimming pool heating and the facade of the shop at night are prohibited. Public buildings and monuments will no longer light up at night for beauty. French President Macron told the public in a straightforward manner: "The rich days are over."
According to the overseas network, the British "Daily Mail" website quoted the Swiss media "Bilick" on the 7th that Swiss Ministry of Economic Affairs spokesman Swan Deli said on the 6th that this winter violated the Swiss government instructions and heated the heating in the home to 19 ° to 19 ° Swiss above C will face a fine and a maximum three years in prison.
A Zoo in Binhai Sanson in the UK said on the 7th that due to the soaring energy price, it may have to be euthanized to all animals in the park.
According to Miller, the zoo's electricity bills have risen from £ 240,000 to 750,000 pounds this year. He may have to euthanize all the animals. "Otherwise, you have to find another place for them, but all other zoo will face the same situation."
A data released on June 1, local time, shows that due to the general rising price, the average expenditure of French families increased by 90 euros per month.
According to the data released by the French "60 million Consumers" magazine and market research agency Nielsen IQ, the continuous inflation caused the average expenditure of French families to increase by 90 euros per month, of which one -third came from the soaring energy price. One is from transportation fuel, and one -third comes from the rise in the prices of daily consumer goods (such as food, daily necessities, etc.). The magazine and market research agency Nielsen IQ stated that French families need this additional expenditure to maintain the original consumption level in the context of continuous inflation and cope with rising prices. The number of 90 euros is based on France. The actual weight of fuel, energy and consumer goods in the family budget is determined.
Recently, German energy and food prices have risen higher and higher. Many families have begun to cut off unnecessary expenditures, postpone buying large -scale goods, or more discount store shopping. Data show that in the face of rising prices, 44%of Germans said they did not have enough economic reserves to maintain their existing living standards.
Ms. Verbeck, a salesman who lives in Berlin, said that the current price is rising, and she can only take care of them in all aspects. In the past, I often drove to work. Now the price of oil is high, the parking is expensive, and the cost of refueling is twice as high as before, so I often take a bus or ride a bicycle to get off work.
"We used to buy bread and yogurt from the supermarket, but the price rose too fast. Now we have to bake at home, so that we can save a little bit." Said Tania Sidel, a 31 -year -old housewife Tania Sidel.
Although Sidel's husband was the head of a department in a medium -sized enterprise, her income was not bad, but she also decided to go out to work again because she felt that money was getting more and more impatient.
According to the overseas network quoted the "The Local" of the German media, German electricity bills soared by 600 % due to the energy crisis, and some residents said that they are taking measures such as cold baths, discontinuation of dryers, and switching to LED light bulbs to cope with soaring electricity prices Essence
Affected by the energy crisis, some German companies have also begun to implement energy restrictions. Vonovia, the largest real estate company in Germany, has publicly stated that in the next few months of autumn and winter, the temperature of the tenant heating system will be reduced to 17 ° C from 11 pm to 6 am to save 8%. Heating cost. In the city of Diphdswald in Saxony, some tenants were banned from taking a hot bath from 8 am to 11 am, 1 pm to 5 pm, and 9 pm. In Hannover, the public swimming pool no longer provides hot water shower, and the city has begun energy -saving measures such as limited electronic office supplies, stopping public hot water, and closing fountains from July.