what you see president christine legard said the larger 1st step was made with the risk of inflation in might have a lesson we expect inflation to remain undesirable the high for some time owing to continued pressure from energy and food prices and pipeline pressures in the pricing chain higher inflation pressures also stemming from the depreciation of the euro exchange rate. but looking further ahead, in the absence of new disruptions, energy cost should stabilize and supply bottlenecks should ease. or unlike some other central banks, the e. c. b has been reluctant to touch interest rates. my colleague, ashley pond, i told us earlier how this higher than expected hike came about. the surprise 50 basis points hiker, the biggest since 2000 and double the size that the cb had signaled way back in june should just how the inflation situation in the euro's own has worse and in the past 6 weeks. so it also shows the that the e, c, b is worried about the euro touching parity with dollar because that means much further inflation, but easy be job is far from over. it needs to maintain its ag

in many parts of the euro zone, but not all the higher than expected rates rise announced by christine legard on thursday brought the c p policy closer in line with the u. s federal reserve and strengthened euro against the dollar. the key aim is to bring down record inflation in the euro zone. however, the rise has been met with concern in parts of europe with higher levels of debt among them. italy where news came on the same day as its prime minister, mario druggie announced his resignation. well, let's discuss this further with yolk kramer. his chief economist.

in many parts of the euro zone, but not all the higher than expected rates. rise announced by christine legard on thursday brought the c p policy closer in line with the u. s federal reserve and strengthened euro against the dollar. the key aim is to bring down record inflation in your resume. however, the rise has been met with concern in parts of europe with higher levels of debt among them. italy where news came on the same day as its prime minister, mario druggie announced his resignation. well, let's discuss this further with kramer, his chief economist at comments bank and joins us from frankfurt. good. have you on the program? good that you can hear us. this rates rise is always going to have a different impact on some of the 19 members of yours and that it is on others, isn't it? well, on the other hand, you have to see yes, easy be delivered yesterday a 50 basis points rated by the deposit rate of the e. c. b. it's still at 0 percent. therefore, monetary policy is still very, very expansionary. therefore, i think it's far too early to say that this may be a problem for, for any countr

easy be president christine legard said the larger 1st step was made with the risk of inflation in mind. we expect inflation to remain undesirable high for some time owing to continued pressure from energy and food prices and pipeline pressures in the pricing chain. higher inflation pressures are also stemming from the depreciation of the euro exchange rate. but looking further ahead in the absence of new disruptions, energy cost should stabilize and supply bottlenecks should ease. we had to look at some other stories making headlines around the world. russian gas flows through the north during one pipeline into germany have resumed following maintenance work. they were affairs that moscow would keep the tap switch off in response to ease sanctions over its invasion of ukraine. you where you at least 18 people have been killed during a police rate in brazil, almost $400.00 officers engaged in an hours long shootout with suspects in f. avella in we're diginero. authority said the raid targeted a criminal group blamed for a series of car thefts and bank robberies. brazilian president lula