The ECB will raise rates by a quarter-point in July and left open the possibility of a more drastic, half-point hike in September
The decision increases the pace of restoring cuts made during the pandemic
A former manager claimed the asset management firm exaggerated the environmental credentials of certain funds
Inflation in the 19 countries that share the euro currency hit 7.5% in April
The firm will pay a US$5.5-million penalty but did not admit or deny the SEC's findings
Soaring consumer prices in the U.K. are fuelling a cost-of-living crisis
Reasons include supply bottlenecks, 38% rise in energy prices
Inflation and the war in Ukraine may curb consumer spending this year
Slower normalization could increase divergence in foreign exchange rates
BMO expects a Fed rate hike of 50 bps in May as inflation cuts spending power