Inflation in Germany slowed significantly to 4.5 percent in September from more than 6 percent in the previous month, according to preliminary figures released on Thursday by the Federal Statistical Office (Destatis). Inflation in Europe’s [Read More]
Inflation and soaring interest rates have hit the purchasing power of Swedish consumers, meaning that the recession is set to deepen and economic recovery will not start before the second half of 2024, the National [Read More]
The Bank of England (BoE) has voted to maintain its benchmark interest rate at 5.25 percent, the central bank said in a statement on Thursday. At its meeting ending on Wednesday, the BoE’s Monetary Policy [Read More]
Sweden’s central bank on Thursday decided to increase the policy interest rate by 25 basis points to 4 percent, which will take effect from Sept. 27. The Riksbank also indicated the likelihood of further hikes [Read More]
Türkiye’s central bank on Thursday announced an interest rate hike of 5 percent to tame resurging inflation, a move seen as cementing a reversal of unconventional policies of the past, experts said. The monetary policy [Read More]
Norway’s central bank (Norges Bank) has increased its benchmark interest rate from 4.0 percent to 4.25 percent on Thursday to curb inflation. Norges Bank Governor Ida Wolden Bache told reporters that the country’s current inflation [Read More]
The Swedish government’s 2024 budget, unveiled on Wednesday, aims to combat high inflation, bolster defense, and improve the judicial system. “With the highest inflation in 30 years, a recession and a difficult security environment, Sweden [Read More]
Global deliveries by the Volkswagen Group in August rose by 5.7 percent year-on-year, Germany’s largest carmaker said on Friday. Driven by significant growth in the European markets and the Middle East/Africa region, the number of [Read More]
Israel’s year-on-year 12-month inflation rose to 4.1 percent in August, showed data issued by the country’s Central Bureau of Statistics confirmed. It registered an increase of 0.8 percentage points compared to 3.3 percent recorded in [Read More]
Russia’s Central Bank raised the key interest rate by 100 basis points from 12 to 13 percent. The bank last lifted its interest rate during an emergency meeting one month ago in August, where the [Read More]
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