David Mchugh, The Associated Press

David Mchugh is a reporter with The Associated Press, an American not-for-profit news agency headquartered in New York City and founded in 1846.

ECB holds as central banks wrestle with when to cut

Policy

ECB holds as central banks wrestle with when to cut

Many central banks are tilting toward undoing some of the sharp hikes to interest rates

By David Mchugh, The Associated Press |April 11, 2024

3 min read

Inflation falls more than expected in Europe

Economic Indicators

Inflation falls more than expected in Europe

Price rises slow down in two biggest economies: Germany and France

By David Mchugh, The Associated Press |April 3, 2024

3 min read

European Central Bank leaves key rate at record high

Economy

European Central Bank leaves key rate at record high

ECB President Christine Lagarde hints that any move on rates might have to wait until June

By David Mchugh, The Associated Press |March 7, 2024

3 min read

Germany slashes growth forecast for 2024

Economy

Germany slashes growth forecast for 2024

Government says Europe’s largest economy is in 'troubled waters'

By David Mchugh, The Associated Press |February 21, 2024

3 min read

Decorative pattern

Economic Indicators

Europe’s economic pain drags on with zero growth at the end of last year

The eurozone grew 0.5% for the full year, while the U.S. grew 2.5%

By David Mchugh, The Associated Press |January 30, 2024

4 min read

Not so fast on interest rate cuts, says European Central Bank

Policy

Not so fast on interest rate cuts, says European Central Bank

The bank left its benchmark rate unchanged at a record-high 4%

By David Mchugh, The Associated Press |January 25, 2024

4 min read

Cutting interest rates too soon in Europe risks progress against inflation, central bank chief says

Policy

Cutting interest rates too soon in Europe risks progress against inflation, central bank chief says

Sluggish economic growth and the impact of higher interest rates on economic activity have sparked bets on rate cuts

By David Mchugh, The Associated Press |January 17, 2024

3 min read

ECB keeps key interest rate at record high

Policy

ECB keeps key interest rate at record high

Rate cuts aren't around the corner, the European Central Bank suggested

By David Mchugh, The Associated Press |December 14, 2023

3 min read

Decorative pattern

Economic Indicators

ECB halts rate hikes as war in Middle East casts shadow over economy

The central bank's pause on interest rate increases is the first in more than a year

By David Mchugh, The Associated Press |October 26, 2023

3 min read

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