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The increase in EU inflation muddies the waters for the European Central Bank as it prepares to lift interest rates on Thursday.ticked up slightly to 7 per cent in April, complicating the picture for rate-setters at the European Central Bank when they meet on Thursday to set borrowing costs. The figure for consumer prices was worse than the flat reading – from 6.9 per cent the previous month – that economists had expected.
The ECB had been likely to hike rates this week before the inflation data, but now the question of high big a hike is needed becomes a live one., who are on track to take control of the over-indebted business as part of a massive restructuring, have agreed to grant the group a bridging loan of up to $100 million as work continues on the wider overhaul. Joe Brennan reports., according to new figures from retail analysts Kantar. Conor Pope has the details.
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