ECB’s Lagarde responds to scathing staff survey: ‘I’m very proud and honored to lead the institution’
President Christine Lagarde on Thursday said she was “proud and honored” to leead the European Central Bank, after her leadership…
Turkey hikes interest rate again to 45% after inflation nears 65%
Turkey’s central bank on Thursday hiked its key interest rate by another 250 basis points to 45%. The hike to the…
German regulator urges banks to set aside bumper profits for bad news on the horizon
Banks should be setting aside recent bumper profits to provision for clients defaulting on loans as the impact of higher…
No ‘economic collapse’: Top Citi strategist says healthier economic growth is coming
The global economy does not need a “collapse” in order to bring inflation back to target and return to sustainable…
UK inflation rate surprises with rise to 4%, led by alcohol and tobacco
LONDON — U.K. inflation unexpectedly nudged upwards to 4% year-on-year in December, fueled by a rise in alcohol and tobacco…
Fed Governor Bowman adjusts rate stance, says hikes likely over but not ready to cut yet
Federal Reserve Governor Michelle Bowman, who had been one of the central bank’s staunchest advocates for tight monetary policy, said…
St. Louis Fed names former Tudor executive Alberto Musalem as new president
Economist Alberto Musalem was named the next president and CEO of the Federal Reserve Bank of St. Louis on Thursday.…
Fed officials in December saw rate cuts likely, but path highly uncertain, minutes show
Federal Reserve officials in December concluded that interest rate cuts are likely in 2024, though they appeared to provide little…
Fed’s Barkin sees likely soft landing ahead but notes rate hikes still a possibility
Richmond Federal Reserve President Thomas Barkin on Wednesday expressed confidence that the economy is on its way to a soft…
UK inflation slide fuels rate cut bets and jolts markets
LONDON — U.K. inflation fell by more than expected to hit 3.9% in November, in the lowest annual reading since…
