Eurozone inflation hits three-year high
The rate climbed to 3.
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UK borrowing costs rise to highest level since 1998
Five-year yields, which are more sensitive to the outlook for interest rates and inflation, reached their highest since July 2008.
Italy asks Brussels for more wiggle room in the budget rules
Higher inflation, she said, had to be taken into account when the permitted deficit was calculated.
Median-priced homes slip further out of reach for typical US households
A buyer in the United States would need an income 44 per cent above the national median to own the typical home without breaching the standard affordability threshold.
Morgan Stanley tells clients to short French and Belgian debt
The recommendations come as investors increasingly demand a premium to hold the debt of governments struggling with large deficits and rising debt burdens.
ECB raises rates for first time since 2023
From June 17, the deposit facility rate rises to 2.25 per cent, the main refinancing rate to 2.40 per cent and the marginal lending rate to 2.65 per cent.
Norway lifts key rate to 4.25 per cent as Middle East war stokes inflation
In a statement on Thursday, Norges Bank governor Ida Wolden Bache said: "Inflation is too high and has run above target for several years."
Low salaries, nuclear energy prices keep French inflation lowest in Europe
Inflation in France remains strikingly low compared with the rest of Europe, according to official data released January 6.
Austrian Government to outlaw ‘shrinkflation’ but inflation stays high
The Austrian government said it will introduce measures to curb so-called "shrinkflation".
Eurozone’s third-straight inflation rise ‘reveals faltering economy’
Eurozone inflation has hit 2.4 per cent on an annual basis in its third straight increase.
It is not Russia or greedy industry, it is the ECB that is driving inflation
With inflation stubbornly sitting above the target set by the European Central Bank (ECB), there seems to be no end in sight for the cost-of-living crisis.
Italians ‘prepared to strike’ over soaring cost of pasta
Profiteering pasta producers and war in Ukraine blamed for price spikes impacting Italian appetites