Cyprus Mail23 Jun 2026

Euro area faces growth slowdown due to geopolitical tensions

The European Central Bank (ECB) this week delivered a firm signal regarding its monetary policy direction as the euro area navigates a period of heightened geopolitical tension and persistent economic uncertainty.

Speaking before the European Parliament’s Committee on Economic and Monetary Affairs on Monday, the ECB president Christine Lagarde, confirmed that the bank has moved to tighten policy in response to evolving price pressures....

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