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Economy

French inflation holds steady, raising hopes for further rate cuts

Inflation came in below the ECB’s 2% target, a spot of relief for French policymakers contending with budget deficit woes.

Business

US economic growth slower than expected at the end of last year

US economic growth slowed more than expected at the end of last year, according to latest data released on Thursday.

Economy

ECB cuts rates again as inflation nears 2% and growth remains weak

The European Central Bank (ECB) cut its benchmark interest rate again by a quarter-point to 2.75% on Thursday as inflation nears 2% and growth remains weak.

The Europe Conversation

Focus on EU single market to boost competitiveness, says Kristalina Georgieva

Three things are holding Europe back: the absence of a capital markets union, investments not going to the most productive firms and energy costs, the managing director of the IMF told Euronews.

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Economy

Eurozone firms see activity lift but barriers to growth persist

Business activity in the eurozone is now expanding for the first time since August 2024, although the upturn remains modest.

Economy

Bank of Japan raises interest rates to highest level in 17 years

Stronger wages have contributed to the decision by Japan's central bank to raise rates to about 0.5%. The BOJ reiterated that it may in the future raise interest rates again, if required.

Economy

WEF issues warning over split threat posed to global financial system

Rising geopolitical tensions are increasing fragmentation of the global financial system and pose a risk to both global prosperity and human progress, according to a report from the World Economic Forum.

Economy

Eurozone inflation rises for third month as energy costs edge up

Rising services prices were behind the boost in the December inflation figure, although they were offset by a fall in food, alcohol and tobacco prices.

Economy

ECB minutes show concerns over economic outlook and geopolitical risks

The European Central Bank cut interest rates by 25 basis points to 3% at its December meeting, aiming to support a weakening eurozone economy. However, minutes from the meeting reveal a sharp divide among policymakers on how aggressive the central bank should be in its approach.

Economy

German inflation shows continued rise, still ahead of ECB's target

The increase was mainly led by rising services and food prices, leaving the inflation rate to remain above the European Central Bank's target of 2%.

Economy

UK economy returns to growth for first time in three months

The UK economy returned to growth in November following an unrevised contraction in October. It is news that will offer relief to Chancellor Rachel Reeves following the bond market turmoil that has seen her fiscal decisions called into question.

Markets

European stocks rally following US and UK inflation data

European stock markets experienced a strong rally following cooling inflation data from the UK and the US on Wednesday. However, the weakness in the euro and the pound sterling may persist due to the ongoing economic and political uncertainties.

Economy

Spanish inflation rate confirmed at 2.8% as fuel costs surge

Increasing transport prices boosted Spain’s December inflation number, with rising culture and recreation prices also contributing to the figure.

Economy

Germany's economy shrinks for a second year in a row as election looms

Europe's biggest economy shrank for a second year in a row in 2024, according to data released on Wednesday by the Federal Statistics Office.

Economy

French inflation holds steady in December as energy prices rebound

Rising energy prices boosted France's December inflation figure although falling service costs managed to offset the gain.

Economy

UK inflation in surprise December dip, raising hopes over bond markets

The rise in the interest rate investors are charging the UK government to borrow money over 10 years hit a 16-year high in recent days, piling pressure on Chancellor Rachel Reeves to cut spending or raise taxes.

Economy

Energy price surge risks pushing EU economy into stagflation

Natural gas and crude oil prices have surged recently amid rising demands and the US's wider sanctions on Russia. Elevated energy prices could jeopardise the eurozone's inflation outlook and push the regional economy into stagflation.

Economy

UK inflation highest among G7 countries as energy costs raise prices

The UK has continued to have one of the highest inflation rates in the G7, mainly driven by rising energy prices and ongoing supply chain issues.

Economy

Eurozone retail trade shows tepid growth after prior drop in October

The final quarter of last year was disappointing for retailers in the eurozone, with little reprieve forecasted for 2025.

Economy

Inflation eases in Sweden as hopes of rate cut from Riksbank grow

Analysts are now hopeful that the Swedish central bank will lower its key policy rate later this month, following five interest rate cuts last year.