Eurozone grows twice as fast as expected as Germany dodges recession Economics New 'flash' figures released by Eurostat showed that the bloc grew 0.4 per cent between July and September, accelerating from 0.2 per cent in the second quarter.
US and European interest rate cuts hang in the balance ahead of crunch week Economics Key economic figures in the US and Europe are set to give investors clues on how much further both regions' central banks could go in cutting interest rates this year.
ECB cuts interest rates again as inflation continues to fall Economics The move means the main interest rate was reduced by 25 basis points to 3.25 per cent, down from a peak of four per cent which was reached last September.
European Central Bank set to cut interest rates despite inflation worries June 2, 2024 The European Central Bank is all but certain to be the first major central bank to cut interest rates this week as it shrugs off a rise in inflation and takes a different path in monetary policy from the UK and US.
Pound Sterling climbs to it highest level against the euro since August 2022 May 29, 2024 The pound hit its highest level against the euro since August 2022.
ECB poised to cut interest rates in divergence from Fed and Bank of England May 27, 2024 The European Central Bank (ECB) is almost certain to become the first major central bank to start cutting interest rates next week, with two key officials saying it is time to lower borrowing costs.
German recovery helps eurozone escape shallow recession April 30, 2024 According to figures released this morning by Eurostat, the eurozone grew 0.3 per cent between January and March, ahead of the 0.1 per cent expansion expected by economists.
Bank of England commits to ‘once in a generation’ reform after Bernanke review April 12, 2024 The review, launched last summer, was led by Ben Bernanke, who chaired the Federal Reserve between 2006 and 2014.
ECB holds interest rates steady again but signals a cut is on the way April 11, 2024 Inflation in the eurozone is fast approaching the two per cent target. 'Flash' figures out earlier this month showed that inflation fell to 2.4 per cent in March, below market expectations.
US inflation to attract attention as concerns grow over Fed interest rate cuts April 7, 2024 Markets will be hoping for stronger evidence that US inflation is falling to target when the latest figures are released on Wednesday.