ECB keeps rates unchanged, turns more positive on economy
The European Central Bank on Thursday left euro zone interest rates unchanged, as expected, and took a more positive view…
Crunch EU summit to decide on using frozen Russian assets for Ukraine
European Union leaders were trying to overcome differences on whether to use frozen Russian assets to finance Ukraine’s war effort…
ECB raises some growth and inflation projections
The European Central Bank raised some growth and inflation projections on Thursday as it left interest rates unchanged in a…
White House adviser Hassett hails lower-than-expected inflation data
White House economic adviser Kevin Hassett welcomed the consumer price index report on Thursday, saying the U.S. economy was showing…
US weekly jobless claims fall as seasonal volatility persists
The number of Americans filing new applications for unemployment benefits fell last week, reversing the prior week’s surge and suggesting…
Bank of England’s Bailey sees inflation near 2% target by May
British inflation looks on course to return to close to its 2% target by April or May next year, about…
China launches $113 billion free-trade experiment on Hainan island
China on Thursday split off a Belgium-sized island with an economy comparable to a mid-ranked country from the mainland for…
Lagarde reiterates the ECB is in no rush to change rates anytime soon
We last had an ECB rate cut in June, and keeping interest rates unchanged for more than six months is…
Bank of England cuts rates after tight vote but signals caution about further moves
The Bank of England cut interest rates on Thursday after a narrow vote by policymakers, but it signalled that the…
Japan to raise tax-free income threshold to ease inflation squeeze
Japan is set to raise the tax-free income threshold and expand deductions for middle-income earners under a deal between Prime…