Despite rate increases, Fed chairman says rates "haven't been restrictive very long"
Analysts say the ECB's meeting Thursday could end in a quarter- or half-percentage point rate hike
The increase comes even as the European economy slows
``We are not, and will not be, a 'climate policymaker,''' the Fed chair said at a conference
The ECB raised interest rates again on Thursday, with more expected to come
Some of the major oil producing nations agreed to add 400,000 barrels per day in March. Brent crude was priced at US$90.09
Energy prices, up 28.6%, played a major role in record inflation for nations using euro currency, but ECB predicts it will fall to 1.8% in 2023 and 2024
Prices have recovered after a slide in late November when the new variant emerged
Work remains to reinforce the shared currency, finance ministers say
The BoE is the first central bank in a major economy to raise interest rates since the pandemic began