Inflation eases to 2.4% in Europe, supporting likely central bank rate cut
Inflation in Europe eased to 2.4% in February, supporting the case for another interest rate cut from the European Central Bank but leaving open how far the central bank will go in lowering borrowing costs
Read more at ABC News
-
Euro zone inflation dips to 2.4% in February as ECB bets point to sixth rate cut
Economists surveyed by Reuters had been expecting inflation to ease to 2.3% in February.CNBC - 7h -
Eurozone inflation falls to 2.4% as underlying price pressures ease
Drop will bolster ECB rate-setters’ confidence in cutting interest rates this weekFinancial Times - 6h -
Japan's inflation rate climbs to a 2-year high of 4% in January, supporting rate hike calls from BOJ members
Core inflation — which excludes prices of fresh food — rose to 3.2% from 3% in the prior month and beat economists' expectations of 3.1%, according to a Reuters poll.CNBC - Feb. 21 -
Turkish inflation falls below 40% to set up further rate cuts
Central bank expected to reduce interest rates by 250 basis points when it meets on ThursdayFinancial Times - 6h -
Bank of England rate setter warns of higher UK inflation risk driven by wages
Deputy governor Dave Ramsden says interest rate cuts must be gradualFinancial Times - 3d -
Interest Rate Cuts on Hold Till Inflation Improves, Fed Meeting Minutes Show
Officials are debating when to restart interest rate cuts, as high prices linger and Trump’s policies add to economic uncertainty.The New York Times - Feb. 20 -
Bank of Korea slashes rates to lowest since August 2022 on economic worries, cuts growth forecast
The Bank of Korea cut rates to 2.75% from 3%, in line with expectations from economists polled by Reuters, trimming rates for the third time in four meetings.CNBC - 6d -
January inflation eases in Fed’s preferred measure
Inflation in the Federal Reserve’s preferred price gauge eased in January after making steady increases throughout the fall. The personal consumption expenditures (PCE) price index increased by 0.3 ...The Hill - 3d -
PCE Report Showed Inflation Eased Slightly in January
But consumer spending unexpectedly slowed, complicating the central bank’s plans for interest rates.The New York Times - 2d
More from ABC News
-
What to watch for at China’s major political event this week
China’s annual major political event gets underway this week to endorse decisions already made by the all-powerful Chinese Communist PartyABC News - 8h -
UN rights chief laments 'shift in direction' in United States
The U.N. human rights chief has expressed concern about a “fundamental shift in direction” taking place in the United States when it comes to human rightsABC News - 5h -
In address to congress, Argentine President Milei promises IMF deal and lauds economic wins
Argentina’s libertarian president Javier Milei has signaled that a new and much-anticipated deal with the International Monetary Fund is imminentABC News - 1d -
Pope stable and resting in hospital, again skips Sunday noon blessing as he recovers from pneumonia
Pope Francis is resting as he continues his recovery from double pneumoniaABC News - 1d -
King Charles III welcomes Canada's Trudeau for private talks at royal residence
Britain’s King Charles III has given a warm welcome to Canadian Prime Minister Justin Trudeau as the two met for a private audience at the monarch’s royal residence SandringhamABC News - 2h
More in World
-
Israel prepares Gaza ‘hell plan’ to pile pressure on Hamas – reports
Israel may cut off electricity to try to secure more hostage releases, as both sides prepare for war to restart. The Israeli government is reportedly planning to ratchet up its blockade on Gaza as ...The Guardian - 34m -
Trump claims Zelenskyy ‘doesn’t want there to be peace’ in latest sign of worsening US-Ukraine relations – live
US president says ‘America will not put up with it for much longer’ after Ukrainian president says end of war with Russia ‘still very, very far away’. Donald Trump will lay out his priorities ...The Guardian - 37m -
Families, revelers party side-by-side in traditional Carnival in Sao Paulo town
During Carnival, the small Brazilian town of Sao Luiz do Paraitinga’s calm everyday life transforms into a joyful party known for its deep-rooted traditions, giant puppets and songs known in ...ABC News - 41m -
Angie Stone obituary
American soul singer and songwriter who enjoyed success with her popular hits No More Rain and Wish I Didn’t Miss You. Angie Stone, who has died aged 63 in a traffic incident, was an American soul ...The Guardian - 47m -
France's prime minister tears into Trump's attack on Zelenskyy as a staggering show of 'brutality'
France’s prime minister has torn into U.S. President Donald Trump’s Oval Office thrashing of Ukrainian President Volodymyr Zelenskyy by calling it a staggering show of “brutality” that aimed to ...ABC News - 48m