Interest rates

Eurozone inflation accelerates in May: Are ECB rate cuts in doubt?
Business

Eurozone inflation accelerates in May: Are ECB rate cuts in doubt?

Eurozone inflation surged in May, surpassing economists’ expectations just days before the European Central Bank (ECB) is set to convene…
German inflation rises as consumer confidence hits 2-year high
Business

German inflation rises as consumer confidence hits 2-year high

Germany’s annual inflation recorded its first increase of 2024 in May, aligning with economists’ forecasts. According to preliminary data published…
Fresh hint that ECB might be set to cut interest rates at June meeting
Business

Fresh hint that ECB might be set to cut interest rates at June meeting

There are indications that the European Central Bank (ECB) may be planning to cut interest rates at its meeting next…
UK wage rates still strong despite slowing jobs market
Business

UK wage rates still strong despite slowing jobs market

Annual pay growth excluding bonuses averaged 6% between January and March, unchanged from last month according to figures from the…
Why might the euro continue to weaken against the US dollar?
Business

Why might the euro continue to weaken against the US dollar?

The euro, serving as the official currency for 20 members of the European Union, has experienced a notable devaluation against…
Gold rush as metal holds onto it shine: What’s behind the surge?
Business

Gold rush as metal holds onto it shine: What’s behind the surge?

Gold has surged by 14% year-to-date, outpacing the 10% rally of the S&P 500 this year. Gold futures peaked at…
ECB signals a ‘plausible’ June rate cut as European equities hit record highs
Business

ECB signals a ‘plausible’ June rate cut as European equities hit record highs

The monetary policy accounts of the latest European Central Bank’s meeting in April indicated that the Governing Council finds it…
BoE holds rates steady and expects inflation below target by mid-2026
Business

BoE holds rates steady and expects inflation below target by mid-2026

The Bank of England (BoE) has opted to maintain the bank rate at 5.25% in its May meeting, as expected,…
UK property listings soar, but are buyers being put off by high rates?
Business

UK property listings soar, but are buyers being put off by high rates?

The Royal Institution of Chartered Surveyors (RICS)’ UK residential market survey for April 2024 was released on Thursday, highlighting that…
Crédit Agricole announces earnings jump while rival’s profits plummet
Business

Crédit Agricole announces earnings jump while rival’s profits plummet

Credit Agricole (CA) announced a 55% year-on-year increase in first-quarter net profits on Friday. Earnings came in at €1.9 billion,…
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