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Economy

Swiss central bank cuts interest rates for second time this year

The Swiss National Bank cut interest rates for a second time running in response to predictions of cooling inflation. The country’s key banking and financial services sector has been under pressure recently from the rising dominance of other financial hubs such as Hong Kong, Singapore and the US.

Economy

EU Elections: What are the risks ahead for European banks?

Despite the meteoric performance of the EU banking stocks, the sector may encounter challenges amid the EU elections, with the joint deposit insurance policy still unresolved.

Economy

Poland keeps rates unchanged despite softening economy

Despite a fall in inflation, Poland's central bank governor remains concerned it could reignite because of higher food taxes and the potential removal of energy price limits.

Economy

Euroviews. A more bankless society is on the horizon — and it's a good thing

Web3 digital technology is set to transform how societies interact with money and payments, effectively unbundling banking and payments. This shift can make society less dependent on banks, Jón Egilsson writes.

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Economy

Eurozone inflation falls more than expected: Green light for ECB cuts?

Eurostat data for March 2024 revealed a drop in annual consumer price inflation to 2.4%, below the expected 2.6% and hitting a four-month low. Market foresees four ECB rate cuts by end-2024, with the first expected in June.

Economy

Swiss inflation continues to slow down in February

Data for the month of February shows inflation is back to its 2021 level, at 1.2%, compared with the same time last year, putting Switzerland on the same path as its European neighbours.

Economy

Traders anticipate SNB rate cut in March as Swiss inflation eases

Inflation in Switzerland fell unexpectedly in January, potentially paving the way for the Swiss National Bank (SNB) to cut rates next month.

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.

Markets

Which UK savings accounts pay the highest interest rates?

Euronews Business compares challenger and high street UK savings accounts to see which ones pay the highest interest rates.

Business

European stocks hit a 23-month peak to start the new year

Euronews Business breaks down the latest stock markets figures

Economy

US jobless claims shows resilience for the world's biggest economy

Latest US jobless claims and GDP data shows world's largest economy is still expanding.

Economy

Euroviews. European CBDC plans reveal diverse worldviews and peculiar bedfellows

The unfolding CBDC narrative of 2024 continues to not just redefine the future of crypto; it's actively shaping the very fabric of Europe's economic identity, Jón Egilsson writes.

Economy

Hungary’s central bank ends the year with another rate cut

Due to the sharp drop in inflation, Hungary's central bank is expected to go ahead in 2024 with further easing of its monetary policy.

Economy

French economic activity less dynamic than hoped in 2023

Despite a disappointing 2023, the Bank of France predicts the French economy will accelerate up to the year 2026.

Markets

European markets mixed after week of central bank rate decisions

European markets were in a mixed mood on Friday as investors digested central bank decisions this week on interest rates, including from the US Federal Reserve, Bank of England and European Central Bank.

Economy

Norway's central bank hikes its key interest rate once again

The Norwegian national bank has raised the interest rate once again with future economic developments remaining uncertain.

Economy

Swiss central bank leaves interest rate unchanged as inflation eases

The move comes on a busy day of central bank action in Europe, with the Bank of England, European Central Bank and Norges Bank announcing whether they will amend their own rates.

Economy

EU banks amass high reserves despite booming payouts

Emergency funds at EU banks remain high whilst shareholders continue to profit from high interest rates.

Markets

World's biggest central banks gear up for crucial week for markets

Monetary policy decisions from some of the world's biggest central banks will take centre stage this week, against a backdrop of global speculation that they are finished with lifting key interest rates.

Markets

Euro area sovereign bond yields decline on ECB rate cut expectations

In recent weeks, sovereign bond yields across the eurozone have experienced a significant downward trend, propelled by mounting market anticipation of forthcoming rate cuts by the European Central Bank (ECB) in 2024.