Now playing Next Economy Turkey holds key interest rate at 45% as consumer prices soar Turkey held its key interest rate at 45% on Thursday as consumer prices rose by nearly 65% in January. 22/02/2024
Now playing Next Economy China cuts key interest rate to revive property sector The world's second-biggest economy is launching a new effort to boost a sector which provides 25% of the country's GDP. 20/02/2024
Now playing Next Economy Pound moves higher as UK retail sales rise at fastest pace since 2021 January's jump in sales was the biggest since April 2021 and followed a 3.3% fall in December. 16/02/2024
Now playing Next Economy UK enters recession as economy shrinks: Will the BoE cut rates sooner? An economy is widely considered to enter a technical recession following two consecutive quarters of negative economic growth, which is usually measured by GDP. 15/02/2024
Now playing Next Markets Bitcoin prices soar, following post-approval surge in demand Bitcoin ETFs have seen more demand than previously expected, following last month's approval by the US Securities and Exchange Commission. 14/02/2024
Now playing Next Economy German inflation eases raising ECB interest rate cut hopes German inflation eased to 3.1% in January year-over-year from 3.8% in December, confirming preliminary data, according to the country's federal statistics office. 09/02/2024
Now playing Next Economy Boom or bust? Economic impact of ageing populations and fewer births Life expectancy is rising, birth rates are falling, and pension systems are starting to creak - so what does ageing mean for interest rates and the wider economy? 09/02/2024
Now playing Next Economy Why did markets fall after Fed meeting and Powell’s remarks? Why did markets fall after Fed meeting and Powell’s remarks? 01/02/2024
Now playing Next Business UK company profit warnings worse than during 2008 bank crisis One in five UK companies warns of declining profits as high interest rates take their toll. 29/01/2024
Now playing Next Markets Markets’ week ahead: European stocks slip ahead of Fed rate reveal The US Federal Reserve is expected to announce its interest rate decision on Wednesday, with speculations of a rate cut increasingly losing steam. 29/01/2024
Now playing Next Economy Lagarde urges caution as investors bet on ECB rate cuts soon The ECB President warned that the European economy most likely experienced stagflation in the last quarter of 2023 and outlined the risks of further economic slowdown. 25/01/2024
Now playing Next Economy Good news for US as growth shows surprise jump The world's biggest economy grew significantly faster than expected at the end of 2023, making a recession look increasingly unlikely. 25/01/2024
Now playing Next Economy Turkey’s central bank hikes key interest rate to 45% to curb inflation This hike is the latest move to control soaring inflation, which has left several households unable to afford basic necessities. 25/01/2024
Now playing Next Economy ECB keeps interest rates unchanged, sticks to data-dependent approach As expected, the European Central Bank kept rates unchanged at its January meeting, despite increasing calls for monetary loosening. 25/01/2024
Now playing Next Economy Here's why businesses in Turkey are more optimistic about inflation Following months of sky-high inflation, Turkey’s January Business Confidence report points towards a slowly improving situation. 25/01/2024
Now playing Next Markets Markets’ Week Ahead: European stocks up ahead of ECB rate decision European shares climbed up as investors expect the ECB to keep rates steady at its monetary policy meeting this week. 22/01/2024
Now playing Next Markets UK estate agents predict respite for housing market Brighter days could lie ahead for the housing market following a rocky period caused by inflated mortgage costs. 18/01/2024
Now playing Next Economy US retail sales up in December, but consumers remain pessimistic People in the US stepped up their spending at retailers in December, closing out the holiday shopping season and the year on an upbeat tone and signalling that people remain confident enough to keep spending freely. 18/01/2024
Now playing Next Economy ECB's Lagarde hints in Davos of potential summer rate cuts At Davos, ECB's Lagarde hinted at possible summer rate cuts, but stressed that the ECB remains data-focused. Current economic uncertainties and market expectations for policy easing remain on the ECB's radar. 17/01/2024
Now playing Next Economy UK inflation unexpectedly pulled up by clothes, alcohol and tobacco Clothing and footwear prices, as well as furniture and household goods prices drove UK inflation up in December 2023. 17/01/2024