News

Inflation across the single currency bloc fell to 0.7% in January moving closer to deflationary territory

Bank sticks to its guns with 'no change' on rates and QE

The Bank of England's Monetary Policy Committee has kept the scale of its money-printing programme unchanged at £375bn and held interest rates at their record low of 0.5 per cent.

Mark Carney won praise for his stewardship of Canada’s economy

Mark Carney's selection for the Bank of England is related to his being competent, not Canadian

Our Chief Economics Commentator on why George Osborne wanted someone who could earn the trust of savers, both here and across the world

Mark Carney has been named as the new Bank of England Governor

George Osborne chose wisely in appointing Mark Carney as Governor of the Bank of England

A foreigner is now the most powerful unelected official in England

Greece set to gain €31.5bn lifeline from lenders

Eurozone finance ministers were last night edging towards approval of a €31.5bn (£25.4bn) tranche of lending to Greece, which the Athens government needs to avoid a default and a disastrous exit from the single currency.

Eurozone ready to sanction Greek loans

Eurozone finance ministers were last night edging towards approval of a €31.5bn (£25.4bn) tranche of lending to Greece, which the Athens government needs to avoid a default and a disastrous exit from the single currency.

Euro-area unemployment climbs to record 11.6 per cent

The jobless rate in the euro area climbed to a record in September as the fiscal crisis and tougher austerity measures threatened to deepen the economy's slump.

Angela Merkel: The German Chancellor has firmly contested a fresh write-off of Greece’s debt

Lenders press for Greece to be given new debt write-off

Report says taxpayers would bear brunt of  the measure without  funding from the ECB

One in four out of work: Spain jobless rate hits new high in third quarter

One Spaniard in four is now officially out of work as the economic crisis tightens its grip on the country.

European kissing:

New press chief reveals which cheek to kiss in Europe

As European Central Bank President Mario Draghi struggles to build bridges between quarreling Governing Council members, he soon will have a specialist in international kissing by his side.

No downgrade for Spain's debt

Spain won more breathing space from international investors, as it escaped having its debt cut to junk by a leading credit rating agency yesterday.

Market pressure eases on Spain amid bailout hopes

Rising speculation that Spain will soon ask for outside help to keep a lid on its borrowing costs has helped ease the pressure on the country in financial markets.

Pressure grows on Spain to opt for a bailout from ECB

Pressure continues to mount on Spain's Prime Minister, Mariano Rajoy, to request a bailout from the European Central Bank as the country strained to sell €4bn (£3.2bn) of debt.

Pressure grows on Spain to opt for a bailout

But Rajoy plays chicken with bond markets as he 'thinks he might get away with it'

Simon English: 'Draghi Put' is keeping the real pain in Spain at bay

Outlook The "Greenspan Put" was the assumption rife among Wall Street traders that should shares fall to a certain level, Alan Greenspan, the former head of the US Federal Reserve, would intervene by slashing interest rates so much that bonds were no longer worth buying. Investors would turn to equities and the Dow Jones would soar. Everyone would be happy, or at least would feel like they were getting richer, even if asset prices were plainly inflated.

ECB leaves key interest rate at 0.75%

The European Central Bank has left its key interest rate unchanged at a record low of 0.75 per cent.

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