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Eurozone
European Central Bank to Cut Interest Rates for First Time in Five Years
European Central Bank will likely cut interest rates at its meeting this Thursday for the first time since almost five years. A survey of the private sector showed that activity had increased at the fastest rate in a full year, while…
Eurozone economy shrinks due to squeeze
The Eurozone's GDP shrank over the last three months, while inflation fell faster than analysts had predicted. This indicates that the European Central Bank has tightened the economy's belt more than it was expected to.
Eurostat's flash…
Eurozone inflation drops more than expected, to 2.9%
The eurozone inflation rate fell to 2,9% in October, the lowest level for over two years. This has boosted expectations that European Central Bank won't raise interest rates any further.
This is the lowest annual increase in consumer…
ECB maintains interest rates at current levels amid fears of recession in the Eurozone
European Central Bank paused the most aggressive cycle of rate increases since the introduction of the Euro amid rising fears over the economy of the eurozone.
The ECB made a widely anticipated decision on the financial markets by…
The fragile European monetary union is rapidly re-emerging with fault lines
Europe is in trouble again - as an economic power, but also for many other reasons, such as migration and net zero. This statement is always met with the obvious response: "Isn't that always true?" Can't the same be said of the UK, US…
French and Italian borrowing rates reach highest levels since a decade
The cost of borrowing public money in the UK, and eurozone has risen amid concerns about large deficits and rates that will remain high for longer.
Eurozone Government borrowing costs reached their highest level for more than ten…
The chief of Deutsche Bank warns that Germany could become the sick man of Europe
The chief executive of Deutsche Bank - the largest lender in Germany - has warned that Germany could become the sick person of Europe, if it does not reinvent itself.
Christian Sewing said to an audience in Frankfurt, Germany that…
ECB increases interest rates to an all-time high
The European Central Bank has raised interest rates to an all-time high in a bid to cool consumer prices, but the euro fell after the central bank signalled its cycle of increases was near its end.
The ECB's knife-edge decision to lift…
French bank BNP Paribas advises its clients to support Britain and avoid the eurozone
One of France's largest banks told its clients to withdraw their money from the Eurozone and send it back to Britain.
BNP Paribas, the investment bank, has advised clients to invest in British stocks. The reason given was that the…
OECD warns that a ‘wave of bankruptcy’ is threatening the eurozone due to rising…
The OECD warned that a "wave of bankruptcy" could threaten the Eurozone's economy, as companies used by ultra-low interest rates are now being hit by higher interest rates.
Businesses in Spain are particularly vulnerable to the high…
Eurozone money supply shrinks first time in 13 years as lending slows
The Eurozone's money supply shrank for the first since 2010, as private sector lending stagnated and deposits declined. This financial squeeze, which economists say could lead to further economic downturns in the future, has sparked a…
Bank of England increases interest rates by 0.25 percentage point
The Bank of England raised interest rates by 0.25 percentage points, to 5.25 percent. It warned that borrowing costs would likely remain high despite a slowdown in inflation.
The Monetary Policy Committee of the central bank voted on…
The ECB has raised interest rates to a record high
The European Central Bank raised interest rates to a record high but also signaled that eurozone borrowing cost may have reached a peak.
The ECB raised its benchmark deposit rate on Thursday by a quarter percentage point, to 3.75…
Is the UK still an outlier in global economics?
The UK economy has been a less outlier than thought in the peer group of countries, according to a recent flow of data. Figures showed unexpected resilience in the UK's economy and lowered inflation.
Few weeks ago, Britain remained the…
Legal & General Investment Chief Bets on UK Recession
The UK's biggest asset manager is buying bonds and selling stocks in preparation for an "significant" downturn. He warns that the Bank of England may be forced to push the economy into recession despite signs of a cooling of inflation.…
Transatlantic inflation gap to reach highest level in decades
This week, the gulf between the price pressures in Britain and the US is likely to reach levels not seen since late 1970s as Britain becomes an inflationary outlier on the global stage.
The figures released last week confirm that US…
Australia-EU trade deal stalls over meat quotas
The trade talks between Australia, the EU and Canada were suspended on Tuesday when Australian Minister Don Farrell left Brussels before settling a dispute about meat quotas.
Farrell said EU he would consult his cabinet first before he…
Bond fund giant Pimco is preparing for a ‘harder landing” for the global economy
The largest active bond manager in the world says that markets are overly optimistic about central bank's ability to avoid a recession while they fight inflation in Europe and the US.
Daniel Ivascyn is the chief investment officer of…