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Economy

US Federal Reserve cuts benchmark interest rate by half-point

The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for American consumers.

Economy

Eurozone inflation figures see drop in August, towards ECB 2% target

Services were the main reason for the boost but growth in inflation was at the slowest rate in three years and inching towards the ECB's target of 2%.

Culture news

Iconic Berlin music institution to permanently close after 22 years

The iconic Berlin club Watergate will shut its doors at the end of 2024, with the team citing “enormous financial pressure” as one of the reasons behind the closure.

Economy

US Federal Reserve set to cut interest rates for first time in 4 years

The US Federal Reserve is set to cut interest rates for the first time in 4 years later today.

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Economy

Russia's central bank hikes interest rates in a bid to fight inflation

Russia's central bank raised its interest rate by a full percentage point on Friday as government military spending in its invasion of Ukraine strains the economy.

Economy

Will the ECB cut interest rates again in October? Analysts weigh in

Analysts are divided on whether the ECB will cut rates again in October, with some expecting a pause until December. Key factors include wage pressures, inflation data, and oil prices. Most agree on gradual easing, with more cuts likely into 2025.

Markets

Weekly recap: European Central Bank rate cut sparks market rally

Global stock markets were mostly positive this week, buoyed by optimism over central banks' rate cuts. The ECB’s second rate reduction of the year fuelled a market rally across Europe.

Economy

ECB's Lagarde reaffirms data-driven approach to future rate decisions

ECB President Christine Lagarde reaffirms a data-driven approach to rate decisions while urging structural reforms, citing Mario Draghi's competitiveness report. The ECB lowered its deposit rate by 25 basis points, with inflation and growth forecasts largely unchanged.

Economy

Spanish inflation drops to over one-year lows on cooling food prices

Productivity, however, continues to be weak, compared with the average across the EU, with the issue having worsened over the past 10 years or so.

Economy

European Central Bank cuts interest rates again as inflation slows

The European Central Bank (ECB) has cut its key interest rates as the markets expected, marking its second reduction this year following a move in June.

Economy

German inflation rate dips to lowest level in more than three years

The news raises hopes for another rate cut from the European Central Bank, with the policy committee set to meet this Thursday.

Economy

Bank of France deputy governor on the challenges central banks face

Banque de France (Bank of France) deputy governor, Agnès Bénassy-Quéré, spoke to Euronews' Angela Barnes about the challenges ahead for central banks as the latest ECB rate decision hangs in the balance.

Economy

Will the European Central Bank cut interest rates as expected?

The European Central Bank is expected to cut interest rates on September 12 due to falling inflation and sluggish growth. Analysts predict a 25 basis point reduction in the deposit rate. Further cuts may follow in December and throughout 2025, with inflation and economic forecasts set to be revised.

The Big Question

The Big Question: What is the economic impact of the Olympic Games?

France spent €2bn on the Olympics - has the country benefited economically? Banque de France deputy governor, Agnès Bénassy-Quéré considers France’s current economic outlook.

Economy

ECB rate cut looking more likely as eurozone growth downwardly revised

Eurozone growth for the second quarter was revised down to 0.2%, marking a slowdown compared to the first quarter. Germany contracted, while Spain saw strong growth. The ECB is expected to cut rates by 25bps next week.

Economy

Ireland has a budget surplus: Why has it been warned to stop spending?

Ireland's fiscal watchdog has advised the government to pinch pennies before October's budget announcement.

Economy

Turkish delight as inflation rate dips, raising hopes of rate cuts

Annual inflation has been easing since June, although August's total is still more than 10 times higher than the central bank's target.

World News

Back to school: Which European country pays the most for supplies?

A Euronews analysis has found that countries with lower wages like Italy and Spain surprisingly pay more on average for basic school equipment compared to richer European economies.

Economy

Eurozone inflation hits over 3-year low: Are ECB rate cuts looming?

Eurozone annual inflation fell to 2.2% in August 2024, yet core inflation, driven by persistent services costs, remains stubborn. ECB’s Schnabel urges caution regarding potential rate cuts.

Markets

Weekly markets recap: European stocks rise as Dax hits a fresh high

The European stock markets maintained their upward trajectory as cooling inflation bolstered hopes for more significant rate cuts by the European Central Bank. The DAX reached a fresh high following Germany’s unexpected drop in consumer prices for August.