According to exit surveys conducted by German broadcaster ZDF, the Christian Democratic Union and its allied Christian Social Union secured the largest share of votes in the German federal election on Sunday, per CNBC.
According to exit surveys conducted by German broadcaster ZDF, the Christian Democratic Union and its allied Christian Social Union secured the largest share of votesin the German federal election on Sunday, per CNBC. This puts the party's leading candidate, Friedrich Merz, in a great position to take over Olaf Scholz as chancellor of Europe's largest economy. The CDU-CSU won 28.5% of the vote, followed by the far-right AfD with 20% and Scholz's Social Democratic Party with 16.
Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. How does inflation data impact the value of the Euro? Eurozone inflation data, measured by the Harmonized Index of Consumer Prices , is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control.
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