Inflation in the U.K. eased to 3.2% in March, the Office for National Statistics said on Wednesday.That was slightly higher than the forecast from economists polled by Reuters of 3.1%, but was down from 3.4% in February.Food prices provided the biggest downward drag on the headline rate, the ONS...
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Plane contrails streak across the sky over Regent Street on February 15, 2024 in London, England. Dan Kitwood | Getty ImagesLONDON — The U.K. gross domestic product rose 0.1% in February, the Office for National Statistics said on Friday, providing another sign of a return to sluggish economic growth this...
Christine Lagarde, president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, March 7, 2024. Bloomberg | Bloomberg | Getty ImagesThe European Central Bank on Thursday held interest rates steady for a fifth straight meeting, as anticipation builds for rate cuts in...
Two women hold an umbrella while sitting at an outdoor table of a cafe on April 01, 2024 in Rome, Italy. Emanuele Cremaschi | Getty Images News | Getty ImagesInflation in the 20-nation euro zone eased to 2.4% in March, according to flash figures published on Wednesday.Economists polled by Reuters...
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Christine Lagarde, president of the European Central Bank, at the ECB And Its Watchers conference in Frankfurt, Germany, on March 20, 2024. Bloomberg | Bloomberg | Getty ImagesEuropean Central Bank chief Christine Lagarde on Wednesday reiterated that June is the month in which policymakers will consider bringing interest rates lower."By...
The European Central Bank must take its time to get interest rate cuts right, its chief economist, Philip Lane, said Thursday."A lot of evidence is accumulating, but what's also fair to say is that the transition from this holding phase, we've been on hold since last September since a...
People walk along Waterloo Bridge past the City of London skyline, the capital's financial district, on a sunny and mild day.Sopa Images | Lightrocket | Getty ImagesLONDON — U.K. gross domestic product grew 0.2% in January, the Office for National Statistics said Wednesday, as construction output jumped unexpectedly.The headline...
European Central Bank policymakers on Thursday lowered their annual inflation and growth forecasts, as they confirmed a widely expected hold of interest rates.Staff projections now see economic growth of 0.6% in 2024, from a previous forecast of 0.8%.They presented a more positive picture on inflation, with the forecast for...