Gone are the days when the governor of the Bank of England was a one-club golfer, equipped only with interest rate. Mark Carney has a full set of custom-made gear to prevent the UK from veering off the fairway and into the deep rough.
UK inflation fell to its lowest level in more than four years last month, easing the burden on households after years of squeezed incomes.
After years of denial central banks are finally coming around to recognise that they must take responsibility for asset bubbles that can wreak economic havoc.
The price of bitcoin rose on Tuesday despite growing uncertainty regarding regulation in China, including a possible deadline for the country's banks to stop handling the virtual currency.
The European Central Bank (ECB) still plans to take action to combat the problem of low and falling inflation despite holding off and disappointing markets over the past few months, Portugal's finance minister told CNBC.
U.K. property prices are set to cool as borrowers will face tighter lending restrictions and an increase in housing supply will ease the price surge in the country, according to a new report.
Banque de France Gov. Christian Noyer says the bulk of the European financial crisis is over, though he added that the European Central Bank stands "ready to act" if the euro appreciates.
Sellers are attempting to cash in on a buoyant housing market by raising average asking prices in some London boroughs by more than 7% in a month, according to property website Rightmove.
Debt markets think the euro zone debt crisis is over and are "underpricing" the risks, Axel Weber, former head of the Bundesbank, has warned.
France was a ship at risk of sinking, the country's new finance minister told CNBC, adding that the country is now afloat but needs to speed up its engine to drive growth.
Fears of a British exit from the European Union are adding to the list of concerns causing turbulence on global financial markets, the IMF’s managing director Christine Lagarde said on Saturday.
The new year kicked off with a global stock market and commodities rout over worries about the global economic outlook and China’s economy in particular.