The Latest Breaking News from Inflation

"Was in the slow lane. Still in the slow lane. Will remain in the slow lane." The laconic words of Jonathan Prynn, the Standard's business editor, summarising (off the record but oh well) today's report by the Organisation for Economic Co-operation and Development (OECD), which forecasts that the UK will be…

Czech Republic's central bank cuts interest rates for the fourth time due to decreasing inflation and positive economic indicators. Global central banks as...

The OECD raised its global economic growth forecast for 2024 on Thursday, driven by strong performances in the United States and emerging countries while Europe lags behind.

Voters in Northampton County, Pa., say they remember having more money when Donald Trump was in office. But when it comes time to cast their ballots this year, other issues are at play too.

While President Nicolas Maduro didn't share many details about the announcement, the ruling party lawmaker Francisco Torrealba explained on social media that these bonuses will be paid in local currency, bolivars, with set amounts equivalent in U.S. dollars.

Services inflation, the Chinese economy and household consumption are sources of uncertainty hanging over the OECD's economic growth forecasts for Australia.

The OECD also predicted the UK would see the weakest growth across the G7 group of major economies next year

UK constrained by high interest rates, price rises and staff shortages but thinktank offers optimistic outlook for global economy

Rolling coverage of the latest economic and financial news, as the OECD cuts UK growth forecasts to back of G7 pack for 2025

Indonesia's April inflation data shows positive economic trends with a slight easing, indicating stability and growth potential.

The ASX200 has finished 0.2 per cent higher as investors took a dovish view of the Federal Reserve chairman's comments on interest rates.