Now playing Next Europe News ECB interest rates to remain high for as long as needed - Lagarde The President of the European Central Bank (ECB) Christine Lagarde signalled on Monday that borrowing costs may have reached their peak, but will remain high for as long as it takes to curb inflation. 25/09/2023
Now playing Next Economy Turkey pushes interest rates up to highest level since 2003 The central bank said that rocketing inflation was above expectations in the past couple of months and that to combat the trend, more interest rate hikes are likely. 21/09/2023
Now playing Next Economy US Federal Reserve stays the course on interest rates The US Federal Reserve has announced that it will maintain its interest rates, as much of Europe raises theirs. 21/09/2023
Now playing Next Economy Sweden's central bank ramps up key interest rate over high inflation The moves comes on a busy day of central bank action in Europe, with the UK, Norwegian and Swiss central banks announcing or expected to announce whether they will amend their interest rates. 21/09/2023
Now playing Next Economy Norway central bank pushes up interest rate, hinting at another hike in December "Whether additional tightening will be needed depends on economic developments," said Norges Bank governor Ida Wolden Bache. "There will likely be one additional policy rate hike, most probably in December." 21/09/2023
Now playing Next Economy Central Bank of Denmark urges caution over economic future Denmark's Nationalbank has called for economic caution with regard to future policy making, also predicting hovering inflation to come. 20/09/2023
Now playing Next Economy EU economy loses momentum amid war, inflation and natural disasters The European Commission has revised down its economic forecast, warning that stubbornly high prices for goods and services are "taking a heavier toll than expected." 11/09/2023
Now playing Next Economy Poland slashes interest rates, causing zloty to slide against dollar Poland's central bank governor said on Thursday that its large interest rate cut was justified despite high inflation because prices are stabilising. 07/09/2023
Now playing Next Economy Erdoğan now backs plan that includes raising interest rates: minister Inflation in Turkey is running at nearly 60%, according to official figures, although independent economists say the real rate is much higher. 07/09/2023
Now playing Next Economy The ECB’s rate-hike dilemma as eurozone business activity falls As eurozone businesses face sharp declines in outputs and new orders, experts believe the European Central Bank (ECB) faces a complex challenge as it decides whether to continue its cycle of interest rate hikes in September. 24/08/2023
Now playing Next Business Bank of England increases interest rates for 14th time in a row The Bank of England raises interest rates for the fourteenth consecutive time as it warns that the cost of borrowing will remain high. 03/08/2023
Now playing Next World News US Fed hikes interest rates to 22-year-high The latest quarter-percentage-point rise, which was in line with analysts' expectations, is the Fed's 11th since it began an aggressive campaign of monetary tightening last March in response to rising prices. 27/07/2023
Now playing Next Business UK and Turkey both raise interest rates to control economy Both the UK and Turkey have announced increases in the rate of borrowing in moves to stabilise the economy but sparking British fears of a recession 22/06/2023
Now playing Next United Kingdom Bank of England hikes interest rate again as high inflation persists With UK mortgage holders and renters are especially exposed to effects of rate increases, fears of a 1990s-style housing crash are on the rise 22/06/2023
Now playing Next World News OECD sees limited improvement in global economic growth The Paris-based Organisation for Economic Co-operation and Development's latest economic outlook sees limited improvement in global prospects but says rate hikes will weigh on growth. 07/06/2023
Now playing Next Money Why is inflation higher in the UK than in the EU? As the Bank of England hikes interest rates to keep prices in check, the UK's inflation rate remains worse than the EU's. Here's why. 12/05/2023
Now playing Next Money JPMorgan to take over deposits of troubled First Republic Bank After Silicon Valley Bank and Signature Bank, First Republic is the third midsize bank in the US to fail in just two months. 01/05/2023
Now playing Next Economy ECB raises interest rates by 0.5% The ECB raises interest rates again by half a percentage point to try and control inflation in the eurozone. 02/02/2023
Now playing Next Economy Some relief for Eurozone consumers as inflation dips to 8.5% Eurozone inflation dips to 8.5%, the third monthly fall in a row. Economists suggest the key indicator may prompt the European Central Bank to raise interest rates on Thursday. 01/02/2023
Now playing Next World News ECB raises Eurozone interest rates to 2.5% The European Central Bank (ECB) has raised interest rates again, but by less than its two most recent hikes. The main rate has increased by 0.5 percentage points to 2.5%, 15/12/2022