But don't expect interest rate hikes until well into 2019, the central bank says
The economy still expanded in Q3, but Q4 will remain challenging
During a speech to her Conservative Party, the prime minister asked for support
Germany is the European Union’s economic powerhouse. The country has had 16 consecutive quarters of GDP growth—its longest upswing since 1991—and is enjoying its lowest unemployment rate since reunification in 1990. Germany’s solid growth has continued this year despite political challenges to Chancellor Angela Merkel’s leadership, with more jobs and higher wages driving consumer spending. […]
Carney will delay his BoE departure to January 2020 to help navigate Brexit
European Central Bank head Mario Draghi says the expanding eurozone economy still faces “risks and uncertainties”— including a looming trade dispute with the United States—and has cautioned that inflation needs to rise further before monetary stimulus is ended. Draghi said Wednesday that higher inflation, not growth, is the “very clear condition” for the central bank […]
The European Central Bank has tweaked its main monetary policy statement
The European Commission says the recovery across the 19-country eurozone is set to remain fairly buoyant this year. In its latest forecast, the European Union’s executive arm said it expects 2018 growth to be 2.3%, just shy of the 2.4% rate it is predicting for 2017—preliminary figures last week from the EU’s statistics agency showed […]
Europe's top economic official speaks about currency moves
The greatest global issue is cross-border capital flows.