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Lagarde says interest rates will rise significantly. Inflation remains too high – Markets

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Lagarde says interest rates will rise significantly.  Inflation remains too high - Markets

Interest rates in the eurozone continue to deteriorate. European Central Bank (ECB) President Christine Lagarde said interest rates would still rise “significantly” to stem price increases, in statements at a press conference that followed the Board of Governors.

“We expect to rise [as taxas de juro] significantly higher as inflation remains too high and is expected to remain above our target [de 2%] too long,” Christine Lagarde said.

The prospect of further growth is expressed together with solution raise eurozone interest rates by another 50 basis points. The interest rate applicable to the main refinancing operations is increased to 2.5%, while the interest rate applicable to the margin credit line is increased to 2.75% and the rate applicable to the standing deposit is increased to 2% from 21 December 2022.
After a ten-year all-time low, interest rates first rose in July (by 50 points), and then again in September, November (by 75 points each), and now in December. In total, three rates set by the ECB have increased by 250 basis points in 2022. And the path will continue.

“The key message is that we are not only going to raise interest rates even more, but we must raise them significantly,” Lagarde said. The ECB president also clarified that these changes will be made at a “steady pace”, making it clear that 50 basis points each would be the appropriate level.

“The steady pace means that we have made some progress over the past few months, but we still have a lot to do. We are here for the long term,” he said. The reason for the desire to remain on the same course is associated with a more negative outlook for the eurozone economy.

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Given the “context of exceptional uncertainty”, ECB staff made the situation “significantly” worse. inflation and economic growth forecastswaiting for what average inflation reaches 8.4% in 2022 and then declines to 6.3% in 2023. 3.4% is expected next year, with a further decline to 2.3% in 2025.In the case of GDP, the ECB expects that the economy is growing at 3.4% this year, 0.5% next year and accelerating again to 1.9% in 2024 and 1.8% in 2025. “According to the latest forecasts of the “employees” of the Eurosystem, the recession will be relatively short-term and superficial,” Lagarde said.

(News updated at 15:00)

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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