The European Central Bank on Thursday cut interest rates by 25 basis points and updated the language in its decision to say monetary policy was becoming "meaningfully less restrictive."The cut brings the ECB's deposit facility rate, its key rate, to 2.5% — a move that markets had widely priced...
Markus Söder (l-r), Chairman of the CSU and Minister President of Bavaria, Friedrich Merz, candidate for Chancellor of the CDU/CSU, Chairman of the CDU/CSU parliamentary group and Federal Chairman of the CDU, Lars Klingbeil, Chairman of the SPD parliamentary group and Federal Chairman of the SPD, and Saskia Esken,...
Two parents and their two children walk through a section of sweet cakes, biscuits and jam.Nicolas Guyonnet | Afp | Getty ImagesEuro zone inflation eased to 2.4% in February but came in slightly above analyst expectations, according to flash data from statistics agency Eurostat out on Monday.Economists surveyed by...
People shop and walk in the shopping streets in the city center of Munich, Bavaria, Upper Bavaria, Germany, on February 20, 2025.Michael Nguyen| Nurphoto | Getty ImagesGerman annual inflation came in at an unchanged but higher-than-expected 2.8% in February, provisional data from statistics agency Destatis showed Friday.The print is...
Production at the VW plant in Emden.Sina Schuldt | Picture Alliance | Getty ImagesThe struggling German economy has been a major talking point among critics of Chancellor Olaf Scholz' government during the latest election campaign — but analysts warn a new leadership might not turn these tides.As voters prepare...
Even if the U.K. is not the "direct recipient" of potential tariffs imposed by the U.S., "it will have an effect," Bank of England Governor Andrew Bailey said Thursday.If tariffs are announced, their effect on the global economic growth and inflation would need to be looked at, Bailey told...
A person buys products at a Mercadona store in Lisbon, Portugal, on January 25, 2025.Luis Boza | Nurphoto | Getty ImagesThe euro zone inflation accelerated to a hotter-than-expected 2.5% in January on an annual basis, flash data from statistics agency Eurostat showed Monday.Economists polled by Reuters had expected the...
Customers waiting at the checkout in a supermarket.Markus Scholz | Picture Alliance | Getty ImagesGerman inflation was unchanged year-on-year at 2.8% in January, preliminary data from the country's statistics office Destatis showed Friday in the last reading before Germans head to the polls next month.The reading was also in...
The Frankfurt skyline at dusk on a November day.Helmut Fricke | Picture Alliance | Getty ImagesThe German economy shrank by 0.2% quarter-on-quarter in the three months ending in December, according to preliminary data released by Germany's statistics office Destatis on Thursday.The figure is adjusted for price, calendar and seasonal...
Economy and Climate Action Minister and Greens Party chancellor candidate Robert Habeck arrives for the weekly federal government cabinet meeting on January 29, 2025 in Berlin, Germany.Sean Gallup | Getty Images News | Getty ImagesThe German government on Wednesday slashed its gross domestic product forecast to just 0.3% growth...