Eshe Nelson
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Bank of England raises rates for a fifth time, to 1.25 percent.
Inflation is reaching deeper into the British economy, the bank said, as businesses raise prices and workers seek higher pay.
European Central Bank announces efforts to end bond market turmoil.
The bank is concerned about a widening divergence in borrowing costs among the countries that use the euro.
ECB Prepares for First Interest Rate Increase in a Decade
After a decade of low inflation, the bank is facing the highest rate of price increases since the creation of the euro currency.
Stagflation and Recession Warnings Plague U.K. Businesses
Higher prices plus a labor shortfall plus a national economic contraction make it hard to plan for the future.
Britain announces tax on oil and gas profits to fund cost-of-living payments.
The tax on the “extraordinary” profits of oil and gas companies is expected to raise 5 billion pounds. The government announced £15 billion in payments...
Russia Cuts Rates as Ruble Hits Multiyear High
The Russian central bank is seeking to support an economy hurt by inflation and sanctions.
A Weak Euro Heads to an Uncomfortable Milestone: Parity With the Dollar
The euro hasn’t fallen below the one-to-one exchange rate with the U.S. dollar for two decades. But as economic risks grow, more analysts predict deeper...
Weakened Euro May Become Equal to the U.S. Dollar
The euro hasn’t fallen below the one-to-one exchange rate with the U.S. dollar for two decades. But as economic risks grow, more analysts predict deeper...
Global Stocks Slide, Extending Wall Street Rout
S&P 500 futures pointed to another drop when trading starts, pushing the index closer to a bear market.
Inflation in Britain at Fastest Pace in 40 Years
The annual inflation rate jumped as household gas and electricity bills rose significantly.