Eshe Nelson

The Swiss National Bank lowered rates to zero after consumer prices fell last month. Other European central banks are grappling with uncertainty caused by President Trump’s tariffs.

European central bankers have repeatedly cut interest rates as price growth has slowed and economies have weakened.

Israel said it had targeted a paramilitary headquarters and a notorious prison in Tehran, along with access routes to the Fordo nuclear site. The strikes came as Iran’s foreign minister met with a key ally, President Vladimir V. Putin of Russia.

The Federal Reserve chair said that the central bank would make decisions on interest rates based on data.

Rachel Reeves, Britain’s most senior finance official, appeared visibly upset in the House of Commons on Wednesday, as Prime Minister Keir Starmer was asked about her position.

Rachel Reeves, Britain’s most senior finance official, appeared visibly upset in the House of Commons on Wednesday, as Prime Minister Keir Starmer was asked about her position.

Central bankers who gathered in Portugal this week focused on ways that Europe could improve its competitiveness with the United States and China.

The Labour Party is starting its second year in control of the government with difficult choices over whether to curb spending or raise taxes.

Analysts said the muted market response was because many investors expected the levies to settle at lower levels after negotiations.

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