Inflation expectations in Eurozone are firmly anchored, European Central Bank Executive Board member Peter Praet wrote in an opinion piece in German Finance Ministry's monthly report published Friday.
"There is price stability in the euro area, and long-term inflation expectations are firmly anchored at a level that is in line with price stability," he opined. According to Praet , the euro itself was not in crisis.
"The future of Europe is at crossroads currently," Praet warned, adding that the negative feedback loop between unsteady public finances and the stability of the banking system must be bought under control to stabilize the situation.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.