Paul Hannon

The Bank of England is likely to lower its key rate at some time in the future, but recent data indicates that inflation might remain high for longer than anticipated, Chief Economist Huw Pill said.

Economies in North Africa and the Eastern Mediterranean will grow more slowly than expected this year as a series of droughts adds to the damage caused by the conflicts in Gaza and Lebanon, the European Bank for Reconstruction and Development said Thursday.

The Swiss franc strengthened after the central bank opted for a standard-size rate cut, rather than the 0.5-percentage-point slice some analysts expected. The Swiss National Bank's third cut in a row t

The European Central Bank is more confident that inflation is going to settle at its target after a series of recent data releases, and will take that into account when it next sets policy, President Christine Lagarde said Monday.

Financial markets remain vulnerable to a sharp correction, the Bank of England warned Wednesday as a twice-yearly survey found that geopolitical developments are seen as the greatest threat to stability.

The U.K.’s new government presented its plan to jolt the country out of years of moribund growth: more taxes and a bigger state.

The European Union faces growing threats to its trade with other parts of the world, and must respond by deepening its capital markets to finance innovation and increased productivity, European Central Bank President Christine Lagarde said.

In its annual survey of wage developments, the UN said real wages are growing again, but remain below their prepandemic levels in many parts of the world even as they surge in China and Russia.

The global economy is set to grow by 3.3% next year as inflation continues to cool, but could falter if tariffs rise and governments fail to narrow wide budget deficits.

Larger tariffs on imports from Europe would weaken economic growth in the eurozone but inflation could either slow or accelerate, the ECB's chief economist said.