Eurozone inflation slumps raising the prospect of rate cuts November 30, 2023 Core inflation - which strips out volatile components like food and energy - dropped from 4.2 per cent to 3.6 per cent.
Hunt should ‘urgently’ announce UK response to US green deal, investors warn November 21, 2023 Chancellor Jeremy Hunt should “urgently” announce the UK’s response to the US green subsidy package to support business confidence, investors have warned.
Compass: Catering firm thanks inflation for surging profits November 20, 2023 Compass has unveiled a jump in revenues for the year as the catering giant was bolstered by food inflation and demand for its products.
ECB’s rate hikes bring down inflation, but growth falls as bloc faces recession October 31, 2023 The European Central Bank's (ECB) interest rates hikes have helped to bring down inflation across the bloc, but the costs are becoming clear as growth contracted in the third quarter.
Inflation target: Why economists think it’s time for a change October 24, 2023 With inflation now on the way down, attention is beginning to turn to what the 'new normal' will be - if we ever make it there.
ECB to leave interest rates on hold as battle against inflation nears finale October 22, 2023 The European Central Bank (ECB) is almost certain to leave interest rates on hold later this week, but retain the option of hiking rates again if circumstances require.
Eurozone inflation falls to lowest level in two years in sign the ECB’s rate hikes worked September 29, 2023 Inflation in the euro zone fell to its lowest level in two years in September, suggesting the European Central Bank's steady diet of interest rate hikes was succeeding in curbing runaway prices albeit at a growing cost for economic growth.
Eurozone inflation revised slightly down – but it’s still twice the ECB’s target September 19, 2023 Eurozone consumer inflation in August was slightly lower than initially estimated, the European Union’s statistics office Eurostat said on Tuesday, but still remained more than twice the European Central Bank’s target. Eurostat said inflation in the 20 countries sharing the euro was 0.5 per cent month-on-month in August and 5.2 per cent year-on-year, lower than [...]
UK set for stubborn inflation and slow growth, OECD warns September 19, 2023 Inflation in the UK will be higher than previously expected next year while growth will be lower, according to cheerful new forecasts from the Organisation for Economic Co-operation and Development (OECD).
ECB tipped for ‘pregnant pause’ as slowing growth ties rate-setters’ hands September 10, 2023 Slowing European growth is likely to lead rate-setters at the European Central Bank (ECB) to leave interest rates on hold, economists expect. When it meets on Thursday of this week, inflation in the eurozone will stand at 5.3 per cent, unchanged from the month before but down from a peak of over 10 per cent [...]