The Bank of England (BoE) left its benchmark interest rate unchanged Thursday - as expected - as the prolonged risk of stubbornly low inflation pushes back expectations of an interest rate rise, with a hike in 2015 now looking less likely.
Companies are predicting not robust times ahead but rather tepid profit growth, with a cornerstone being a drop, not a rise, in capex.
The British chancellor, George Osborne, has warned that the standoff between Greece and the eurozone poses “the greatest risk to the global economy” after meeting the new Greek finance minister.
Unconventional central bank policies, including quantitative easing (QE) have failed to spur either inflation or growth as fiscal austerity continues to bite, Nouriel Roubini said in an op-ed for Project Syndicate.
Business confidence has fallen for another quarter as companies become more cautious about their prospects in the year ahead, according to a survey by a leading accountancy body.
Greece and Germany are on a collision course.
The eurozone has descended further into deflation this month with prices falling 0.6%, the fastest pace for more than five years amid tumbling global oil prices.
The European Union's (EU) decision to extend sanctions against Russia is akin to "economic war," the head of one of Russia's largest banks told CNBC.
The Syriza victory (Radical Greeks vow to see off age of austerity, 27 January) has lessons not only for the eurozone, but for the EU as a whole.
Governments in the euro zone should loosen tough budgetary measures in order to promote growth and help restore normality in the region, according to the governor of the Bank of England (BoE).
Fresh evidence of subdued consumer spending and soft inflation in the US has bolstered expectations that the Federal Reserve will hold back from raising interest rates over the coming months.
Like Easter, the start to the buying season for househunters has come early this year. Mortgage approvals in February were 20% up on the same month in 2015.
Four of the 17 members of the Federal Open Market Committee have publicly indicated their disagreement with the dovish guidance in last week's policy statement.