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...Asked if Thursday’s decision to keep rates on hold was unanimous, she said “a few members felt sufficiently confident” to argue for a cut....
...“It’s a distinct change in tone from the messaging last month and weaker wage data today [Friday] supports that dovish stance.” On Friday a trio of ECB rate-setters boosted that view....
...Traders in swaps markets are pricing in a high likelihood of the first cut in the ECB’s deposit rate of 4 per cent by March, and close to six quarter-point cuts by the end of the year, a steep increase from...
...The UK economy grew for the second month in a row in February, driven by expansion in manufacturing and raising hopes the UK is emerging from a technical recession....
...Mary Perkins jokes that if you were to cut Specsavers’ workers open, “they’ve got green blood”....
...lag of around half a year”....
...The institutes warned that domestic demand had risen less than expected, while exports were falling despite a pick-up in global economic activity, in part due to a loss of competitiveness for energy-intensive...
...The standard process of communicating their plans through adjustments to a central inflation forecast “may require a deeper rethink, even if inflation is getting closer to levels consistent with price stability...
...“If we don’t have a major shock in developments, we are heading towards a moment where we have to moderate the restrictive monetary policy that we have, in reasonably short order,” she told CNBC....
...The 2.1 per cent monthly increase in output at German manufacturers was well above the 0.3 per cent rise forecast by economists in a Reuters poll....
...Prices in the wider EU fell 0.3 per cent from the previous quarter, but rose 0.3 per cent from a year earlier....
...Eurozone bank lending to the private sector returned to growth in February, in a potential sign that the recent drying up of credit may have bottomed out....
...of a record close....
...Martin Arnold Did US core inflation slow in March?...
...However, industrial production is still down 4.9 per cent from a year ago and down nearly 8 per cent from a peak before the coronavirus pandemic....
...Additional reporting by Mary McDougall...
...The German government risks having a €60bn hole blown in its budget when the country’s highest court rules on whether a large off-balance sheet transfer broke a law restricting new debt issuance....
...Economists polled by Bloomberg had forecast a March reading of 2.5 per cent....
...In bond markets, the yield on rate-sensitive two-year US Treasuries touched a fresh six-month low at 4.28 per cent, down almost a full percentage point from the 17-year highs it hit just two months previously...
..., Spain, Greece and Ireland as a result of productivity improvements....
...construed as a violation of the legal international order.”...
...Consumer prices in Germany rose 2.3 per cent in the year to March, slowing from 2.7 per cent a month earlier to reach the lowest level since June 2021....
...Core inflation, which strips out energy and fresh food prices to give a better picture of underlying price pressures, slowed from 3.5 per cent in February to 3.3 per cent in March....
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