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Economy

European Central Bank cuts interest rates again as inflation slows

The European Central Bank (ECB) has cut its key interest rates as the markets expected, marking its second reduction this year following a move in June.

Economy

German inflation rate dips to lowest level in more than three years

The news raises hopes for another rate cut from the European Central Bank, with the policy committee set to meet this Thursday.

Economy

Bank of France deputy governor on the challenges central banks face

Banque de France (Bank of France) deputy governor, Agnès Bénassy-Quéré, spoke to Euronews' Angela Barnes about the challenges ahead for central banks as the latest ECB rate decision hangs in the balance.

Economy

Will the European Central Bank cut interest rates as expected?

The European Central Bank is expected to cut interest rates on September 12 due to falling inflation and sluggish growth. Analysts predict a 25 basis point reduction in the deposit rate. Further cuts may follow in December and throughout 2025, with inflation and economic forecasts set to be revised.

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The Big Question

The Big Question: What is the economic impact of the Olympic Games?

France spent €2bn on the Olympics - has the country benefited economically? Banque de France deputy governor, Agnès Bénassy-Quéré considers France’s current economic outlook.

Economy

ECB rate cut looking more likely as eurozone growth downwardly revised

Eurozone growth for the second quarter was revised down to 0.2%, marking a slowdown compared to the first quarter. Germany contracted, while Spain saw strong growth. The ECB is expected to cut rates by 25bps next week.

Economy

Ireland has a budget surplus: Why has it been warned to stop spending?

Ireland's fiscal watchdog has advised the government to pinch pennies before October's budget announcement.

Economy

Turkish delight as inflation rate dips, raising hopes of rate cuts

Annual inflation has been easing since June, although August's total is still more than 10 times higher than the central bank's target.

World News

Back to school: Which European country pays the most for supplies?

A Euronews analysis has found that countries with lower wages like Italy and Spain surprisingly pay more on average for basic school equipment compared to richer European economies.

Economy

Eurozone inflation hits over 3-year low: Are ECB rate cuts looming?

Eurozone annual inflation fell to 2.2% in August 2024, yet core inflation, driven by persistent services costs, remains stubborn. ECB’s Schnabel urges caution regarding potential rate cuts.

Markets

Weekly markets recap: European stocks rise as Dax hits a fresh high

The European stock markets maintained their upward trajectory as cooling inflation bolstered hopes for more significant rate cuts by the European Central Bank. The DAX reached a fresh high following Germany’s unexpected drop in consumer prices for August.

Economy

Germany’s inflation rate tumbles to the lowest levels since March 2021

Germany's inflation rate dropped to 1.9% in August 2024, the lowest since March 2021, boosting expectations of ECB rate cuts. The euro and Bund yields fell, while the DAX index hit record highs.

Food and Drink

Berlin's Michelin-starred restaurants in crisis amid economic woes

Five of the highest-awarded fine dining restaurants in the capital of the EU's strongest economy have shut up shop in the past 12 months. Others are warning of a critical situation. But what's driving this crisis?

Economy

Sweden cuts interest rate and says policy easing could speed up

Growth is weak in Sweden while inflation remains low, pushing policy makers to lower borrowing costs.

Economy

Netherlands unemployment rate stays flat for third month in July

Gross domestic product (GDP) growth in the Netherlands also rebounded in the second quarter of the year, as the economy recovers from the slowdown seen in 2023.

Economy

US inflation comes in lower than expected in July

Inflation has taken a central role in the presidential election, with former President Donald Trump blaming the Biden administration's energy policies for the price increases.

Economy

Rising energy prices spark increase in French inflation rate

France's national public audit office has said the eurozone's second biggest economy could be significantly exposed to macroeconomic shocks, because of its €154bn public deficit and lagging public finances.

Economy

Pound slips on weaker-than-expected UK inflation data

The pound retreated following a one-day surge, prompted by weaker-than-expected UK inflation data. Cooling inflation may increase the likelihood of further interest rate cuts by the Bank of England this year.

Economy

Refusal to pay higher prices may deal final blow to US inflation spike

The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it.

Economy

Eurozone inflation rises again in July: Are ECB rate cuts at risk?

Eurozone inflation rose to 2.6% in July, exceeding expectations and casting doubt on potential ECB interest rate cuts in September. Energy prices significantly contributed to the rise.