The Latest Breaking News on Economy

European Central Bank intensifies its fight against inflation but euro falls under parity with the dollar

The ECB lifted its deposit rate to 0.75% from zero and raised the main refinancing rate to 1.25%, which is their highest level since 2011

Fewer Americans filed for unemployment benefits last week as the labor market remains continues to remain strong despite decades high inflation

Reserve Bank governor Philip Lowe has foreshadowed slower mortgage bill hikes later this year as the bank grapples with massive uncertainties about the outlook for soaring inflation and the economy.

The weakening of the yen continues unabated. As part of efforts to buoy the economy, the Bank of Japan appears set to continue its massive monetary-easing policy, in stark contrast to the approach adopted by the United States.

In the past, the government and the Bank of Japan have directly intervened in foreign exchange markets by selling or buying yen when there have been excessive movements in the yen's value.

Europe is going to see higher interest rates

More rate hikes are in store and the case for a slower pace of tightening grows stronger, the Reserve Bank of Australia's governor says.

Bill could be higher than cost of bank bailout after 2008 financial crash, expert warns

The agencies responsible for macroeconomic policy have hitched their wagon to Anglo-American economics

Bank of England govenor Andrew Bailey sidestepped questions on whether Liz Truss’s expected energy package could spike a rise in living costs.