monetary policy

Economy

European Central Bank leaves key deposit rate unchanged at 2%

The European Central Bank kept its benchmark interest unchanged, in line with analyst estimates.

24/07/2025

Economy

Swiss central bank cuts interest rate to zero to fight deflation

The step was widely anticipated but fuels concerns over a potential return to negative rates.

19/06/2025

Business

Bulgaria close to adopting the euro: What stands in the way?

Bulgaria's government is pressing ahead with its plan to join the euro currency union, aiming to deepen European integration.

03/06/2025

Economy

Donald Trump says he has 'no intention of firing' the US Fed chair

The US President confirmed that he has no plans to fire the Chairman of the Federal Reserve Jerome Powell. It follows his previous statement about wishing to terminate Powell's mandate, which caused market turmoil.

23/04/2025

Economy

Why economists believe the ECB will keep on cutting interest rates

Economists predict that the ECB will continue its rate-cutting cycle as global trade tensions rise and eurozone growth slows. Markets expect up to 75 basis points of easing by September, pushing the deposit rate down to 1.5%.

18/04/2025

Economy

Fed headache ahead as tariffs fuel higher prices and slower hiring

The prospect of high inflation stemming from widespread tariffs along with weaker hiring could put the Federal Reserve in a difficult spot, Fed policymakers said in minutes from last month's meeting.

10/04/2025

Economy

European Central Bank delivers final rate cut of the year

The ECB started cutting the main interest rates in June 2024, to boost the Eurozone's lagging economy, through lower rates to encourage borrowing, spending and investment.

12/12/2024

Economy

Hungary cuts key interest rate, buoyed by US Fed Reserve decision

Policymakers have reduced borrowing costs after a pause in August, although the base rate in Hungary is still the joint highest figure in the EU.

24/09/2024

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.

03/09/2024

Markets

Pound soars following Fed September rate cut signal at Jackson Hole

The British pound surged to its highest level against the US dollar given the Bank of England's less dovish stance compared to that of the Federal Reserve at the Jackson Hole Symposium on Friday.

26/08/2024

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.

20/08/2024

Economy

ECB likely to keep interest rates at record highs at March meeting

The ECB has been vocal about the need for more conclusive evidence of declining inflation and cooling labour markets, before cutting rates.

07/03/2024

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

Economy

Turkey: inflation reaches 62% despite interest rate rise

Inflation in Turkey showed a 62% year-on-year rise in November, according to official data published on Monday.

04/12/2023

Economy

ECB: Eurozone inflation could rebound in next months

Inflation could pick up temporarily while eurozone economic growth will remain weak in the near term, said European Central Bank Vice President Luis de Guindos.

13/11/2023

Money

Inflation in Turkey tops 83% as Erdogan vows more rate cuts

While most Western countries are in the process of raising interest rates to keep inflation in check, Turkey is doing the exact opposite.

03/10/2022

Economy

Which countries use the euro as their currency?

Now, the euro area includes 19 European Union member states. Croatia will soon join the eurozone as its 20th member.

16/08/2022

Economy

Croatia pulls design for €1 coin after plagiarism allegations

It had been selected to be minted to celebrate Croatia joining the eurozone next year.

09/02/2022

Money

Why is Turkey's currency crashing and what impact is it having?

Turkey's currency is at an all-time low, as citizens rush to convert their savings. The fall-out of all this could make things difficult for President Erdogan.

04/12/2021