As world's central banks wrestle with when to cut rates, Europe signals it's ready to move

FRANKFURT, Germany (AP) — The European Central Bank signalled Thursday it could cut interest rates at its next meeting in June, a big step as the rich world's central banks, including the U.S. Federal Reserve, wrestle with how soon declining inflation will let them lower credit costs for business...

European Central Bank leaves rates unchanged as world's central banks wrestle with when to cut

Inflation has slid again in Europe. Here's what that means for interest rates

FRANKFURT, Germany (AP) — The inflation that has squeezed European shoppers fell more than expected in March to 2.4%, as cost spikes in the grocery aisle eased and overall price rises headed down in the two biggest economies, Germany and France. The annual figure for the 20...

Higher temperatures mean higher food and other prices. A new study links climate shocks to inflation

Food prices and overall inflation will rise as temperatures climb with climate change, a new study by an environmental scientist and the European Central Bank found. Looking at monthly price tags of food and other goods, temperatures and other climate factors in 121 nations since...

Europe's economy has stalled. But an interest rate cut will likely have to wait for summer

FRANKFURT, Germany (AP) — Inflation in Europe is way down from its painful double-digit peak, and the economy has stalled. But the European Central Bank left its key interest rate at a record high Thursday, and its leader suggested a much-anticipated cut to borrowing costs would likely wait until...

European Central Bank holds key interest rate at a record-high 4% even as borrowing costs weigh on the stalled economy

European inflation eases to 2.6% as energy prices fall and food inflation slows

FRANKFURT, Germany (AP) — The inflation that has ravaged the European economy eased again in February, falling to 2.6% as high interest rates, moderating oil and gas prices, and sluggish growth held back price increases in stores. February's figure for the 20 countries that use...

Inflation in Europe edges down again. But will Houthi attacks on ships spoil the relief?

FRANKFURT, Germany (AP) — Inflation in Europe edged lower in January to 2.8%, keeping alive speculation about quicker interest rate cuts that would lower borrowing costs for businesses and consumers — and help boost the stagnating economy. The annual figure released Thursday by...

Europe's economic pain drags on with zero growth at the end of last year

FRANKFURT, Germany (AP) — Europe’s economy failed to expand at the end of 2023, dragging out the stagnation for more than a year amid higher energy prices, costlier credit and a downturn in former powerhouse Germany. Zero economic growth for the October-to-December period of last...

Financial markets are jonesing for interest rate cuts. Not so fast, says the European Central Bank

FRANKFURT, Germany (AP) — European Central Bank President Christine Lagarde pushed back Thursday against market expectations for quick interest rate cuts even as Europe’s economy sputters and financial markets froth in hopes of cheaper credit that would boost business activity and stock prices....