The Latest Breaking News from the European Central Bank

ECB also likely to hike rates; attention shifts to policy outlook for the rest of the year.

People in the eurozone area have until the end of August to help choose a theme for the next generation of euro banknotes, as the European Central Bank prepares to revamp single currency for the first time in 20 years.

The U_S_ Federal Reserve has hit “pause.”

The European Central Bank took centre stage today as policymakers hike dinterest rates by 0.25% for an eighth meeting in a row.

Gilt yields rose closer to mini-Budget levels today ami new fears the Bank of England will keep interest rates higher for longer.

First, the good news. Inflation is heading lower. US inflation peaked at 8.5 per cent late last year and is now running at around five per cent. Eurozone inflation peaked at 10.6 per cent and is now down to 6.1 per cent. UK inflation peaked at more than 11 per…

Europe is getting a break on inflation

In a bid to play catch up with technology companies and younger generations of consumers, central banks are finally starting to take digital currencies seriously. Countries such as Sweden, China, and India have establish pilot digital currencies – respectively, the e-krona, e-yuan and e-rupee – via their central banks. In…

Prices for pasta, a culinary specialty of the country, have soared in recent weeks.