The Latest Breaking News from Christine Lagarde

For three years central banks in the US and Europe have been struggling to rein in price growth unseen in a generation

The Bank of England held rates steady again Thursday with the European Central Bank expected to follow suit as inflation retreats, shifting investor attention to how fast policymakers will slash borrowing costs in 2024.

The European Central Bank and the Bank of England were on Thursday expected to pause rates again as inflation retreats, while markets cheered the US Federal Reserve's clear signal that it would start slashing borrowing costs in 2024.

The inflation plaguing European shoppers has fallen faster than expected

With inflation dropping faster than expected and the economic outlook darkening, markets will be looking for clues about when eurozone borrowing costs might start to come down as rate-setters meet this week.

The annual rate of inflation in the eurozone fell to a more than two-year low in November, the EU's official statistics agency said Thursday.

December S&P 500 futures (ESZ23) are down -0.19%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.18% this morning as market participants looked ahead to comments from Fed Chair Jerome Powell and other Fed officials while also awaiting the release of the Fed’s favorite inflation gauge later in the…

Widely expected decision by European Central Bank follows 10 consecutive rises in borrowing costs

The shadow chancellor’s portraits of her economic heroes reveals much about a future Labour government’s agenda

International policymakers have warned that Europe must invest more quickly and massively in its energy transition if it wants to remain a global industrial power.

The head of the European Central Bank says interest rates will stay high enough to restrict business activity for “as long as necessary” to beat back inflation because upward pressure on prices “remains strong.”