Economy

Turkey ends hiking cycle after 8 months, holding key rate at 45%

Turkey’s central bank held its key interest rate on Thursday, keeping it at 45% despite soaring inflation after eight consecutive…

Fed officials expressed caution about lowering rates too quickly at last meeting, minutes show

WASHINGTON – Federal Reserve officials indicated at their last meeting that they were in no hurry to cut interest rates…

Germany slashes 2024 growth forecast to just 0.2% as economy in ‘tricky waters,’ minister says

Germany’s gross domestic product is now expected to grow by just 0.2% this year, as the country wades in “tricky…

UK posts record budget surplus in January

LONDON — The U.K. logged a record £16.7 billion ($21.1 billion) net budget surplus in January, according to official figures…