European Central Bank President Christine Lagarde faced preferences for a more aggressive inflation response last month, with officials eventually compromising on a smaller interest-rate increase alongside hawkish messaging and a bargain over shrinking the institution’s bond portfolio, an account of their last meeting showed.
European Central Bank President Christine Lagarde said inflation remains far too elevated, vowing that policymakers won’t let up in their efforts to return price growth to the target.
China’s yuan is poised to resume its advance as the removal of Covid curbs supercharges economic recovery in 2023, according to a veteran trader at Standard Chartered Plc.
Chile, Latin America’s stand-out economy for the better part of 50 years and a darling of Wall Street, is in many ways facing an existential moment.
Fewer companies that are infected with ransomware are coughing up extortion payments demanded by hackers, according to new research from Chainalysis Inc.
JPMorgan Chase & Co. and International Finance Corp. are leading a $27 million round of investment in KLYM, a data-driven fintech that focuses on providing working capital to small and midsize companies in Latin America.
Turkey’s central bank added ambiguity to the direction of its policy as it left interest rates unchanged on Thursday.
Bank of England Governor Andrew Bailey said that two months of declines in the UK’s headline inflation rate is a signal that the economy may be getting past the worst in a cost-of-living squeeze.
India dismissed as a “propaganda piece” a recently broadcast BBC documentary about the 2002 Gujarat riots and Prime Minister Narendra Modi’s role in the violence in his home state.
Generous US aid and China’s expansion are threatening Germany’s role as a top manufacturer.
