Interest rates
Central banks must act decisively as stagflation risks loom: BIS
‘Lingering disruptions from the pandemic, the war in Ukraine, soaring commodity prices and financial vulnerabilities cloud the outlook,’ BIS says.
Stagflation redux can be prevented with smart policy
Eurozone economic growth shows ‘signs of faltering,’ says key business survey
Hungary’s tax veto leaves EU adrift and Bruno Le Maire burned
Bank of England hikes rates for fifth time to battle soaring inflation
Ukraine’s dire finances await rescue
Ukraine says Russia ‘more resilient’ to sanctions than expected
Crypto industry fears regulatory backlash over lending crisis
The meltdown of Celsius Network has rattled crypto companies already on high alert.
ECB signals first rate hike in more than a decade
The strong signal of a larger interest rate hike in September came as a hawkish surprise.
Eurozone GDP grew faster than thought at start of the year
Economic performance at the start of the year varies significantly across the region.
ECB braces for heated debate on how far to hike
The central bank meets amid growing calls for a more robust rate hike of 50 basis points.
Turkey’s inflation rate hits 73.5 percent
Food and transportation are among the hardest-hit sectors.
Croatia on track to adopt the euro
EU capitals will give formal approval in July for eurozone accession next year.
Eurozone inflation jumps to new record at 8.1 percent
Energy prices continue to drive the spike in inflation, adding pressure on the European Central Bank.
ECB top economist lays out interest rate hikes for July, September
Some hawks are seeking 50-basis-point hikes as inflation continues to race ahead.
ECB readies for fresh divergence in borrowing costs
The curtain is going up on the ECB’s next act as it tackles the most basic question of how to manage a single currency with 19 different fiscal policies.
ECB’s Christine Lagarde signals July and September rate hikes
Central bank chief makes first explicit call for two interest rate bumps in quick succession.
Crypto assets are ‘worth nothing,’ says ECB’s Christine Lagarde
ECB president also signals preference for interest-rate hike of 25 basis points in July.
G7 raises close to $20B for Ukraine
G7 finance ministers and central bankers also pledge to fight inflation.
3 rate hikes to come this year, with more to follow: ECB official
Austria’s Robert Holzmann sees growth slowing, but no outright recession.
Boris Johnson’s biggest headache wasn’t in the queen’s speech — and he knows it
The UK government’s legislative program contained little to address the cost of living crisis.
ECB’s Holzmann says up to three rate hikes may be ‘appropriate’ this year
‘It would be appropriate to take at least two or even three steps,’ Holzmann tells Austrian newspaper Salzburger Nachrichten.
Stagflation looms for UK economy
The UK combines the worst parts of the outlook for the US and eurozone economies.
Bank of England raises interest rates again as inflation soars
The central bank expects a sharp slowdown in growth later this year, on the back of high energy prices.
German inflation spikes to 7.8 percent in April
The news comes after the German government almost doubled its inflation forecast for 2022.
ECB increasingly isolated as other central banks take action to control inflation
Christine Lagarde insisted on the need for ‘flexibility’ in the face of record-high inflation.
Payback time: The West studies how to make Russia foot the war bill
The cost of rebuilding Ukraine is already in the hundreds of billions, and growing by the day.
Russia boosts emergency spending fund using gas profits
The funds will be used to ensure the stability of the economy.
Facing a two-front war, the ECB won’t ride to the rescue
The next policy meeting is Thursday, and the bank is ‘running out of painless options.’
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Central banks: Too big to fail, but failing yet again
Critics say it’s high time central banks were rethought, reformed and pulled back under more political control.