Article 5R7Z7 ECB keeps interest rates on hold, warns of ‘transitory’ higher inflation - business live

ECB keeps interest rates on hold, warns of ‘transitory’ higher inflation - business live

by
Joanna Partridge
from on (#5R7Z7)

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The global semiconductor shortage and ongoing disruption to supply chains continue to knock carmakers' profits.

Volkswagen and Stellantis both suffered financial hits in the third quarter the year, as a result of the global shortage of computer chips, which has prevented the firms from producing as many vehicles as they had originally planned.

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