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news.google.comOxford Economics reported that a global food supply shock caused by extreme weather would increase consumer food prices by a larger margin in the euro area than across the Group of Seven economies overall.
pymnts.comA member of the European Central Bank Governing Council stated that preserving institutional credibility supports raising interest rates next month. The comment addresses upcoming monetary policy decisions.
BloombergS&P has downgraded Belgium's credit rating, marking the second such action by a credit assessor within a week. The move comes as Belgium maintains the euro area's largest budget deficits. @business reported the developments amid ongoing fiscal concerns in the region.