The Latest Breaking News from Christine Lagarde

Nearly one in 10 European households has invested in crypto assets, an ECB (European Central Bank) study published Tuesday said, highlighting high demand for the risky investments, which witnessed significant devaluation this month. These novel assets lure middle class people, but “it is worth nothing. It’s not a safe investment,”…

Rolling coverage of the day 3 of the World Economic Forum

The president of the European Central Bank has given the clearest sign yet that policymakers will aim to raise interest rates as soon as July to ease surging inflation

Andrew Bailey defends response to Covid pandemic and indicates Bank will not take aggressive approach to raising interest rates

Multiple threats to the global economy topped the worries of the world's well-heeled at the annual Davos think-fest on Monday, with some flagging the risk of a worldwide recession.

US food prices rise at fastest rate since 1981, as ECB’s Lagarde cements expectations for July rate hike, and German price rises hit record high

The double blow of pandemic and war has caused inflation to surge and growth to slow around the world. But experts do not expect a return to the 1970s

Income growth has stagnated as prices for essential goods and energy are on the rise. New figures from France’s National Institute of Statistics and Economic Studies (Insee) indicate that France could be entering a period of stagflation.

IMF slashes growth forecasts for Europe, as pound falls 1.1% to 18-month low after sharp retail sales decline and April PMIs point to much weaker speed of recovery across UK economy

The Federal Reserve must move faster than it has in the past to rein in high inflation, Chair Jerome Powell said, signaling that sharp interest rate increases are likely in the coming months, beginning at the Fed’s next policy meeting in May

Next week, the largest market events will centre on inflation, with Australia and the European Area updating the market as to their respective rising consumer prices. Wednesday, April 27, 2022 Australia Inflation Rate YoY Q1