The Latest Breaking News from eurozone

Expected hike in benchmark rate to a range of 5% to 5.25% could push US into recession

Italy's far-right government, led by PM Giorgia Meloni, recently made a change to its immigration policy. This involves a crackdown on residence permits for asylum seekers and an increase in deportation centres, in order to discourage illegal immigration. But the government also wants to increase the number of work visas…

Warmer winter, lower energy prices and China’s reopening help bloc surprise economists and stave off severe downturn

The UK’s 8.7% CPI figure in March compares with 6.1% in the eurozone and 4% in the US

Annual inflation may drop when official figures are released on Wednesday but UK rate still higher than eurozone

Annual rate down to 6.9% this month, with signs of cost of living pressures easing

Britain appears to be an international outlier after the shock reading in double digits this week

In the middle of a market panic that has felled two US banks and pushed several others to the brink, the European Central Bank (ECB) has raised interest rates by another 0.5 percentage points. The ECB’s president, Christine Lagarde, had been warning this was necessary to bring eurozone inflation back…

For anyone trying to understand where interest rates and inflation are heading, it has been a strenuous few days. Jay Powell, chairman of US central bank the Federal Reserve, warned senators he may have to do more to fight inflation than expected, indicating the prospect of interest rates rising more…

Concerns that a big driver of price rises may be firms using inflation as excuse to increase profit margins

Europe's economy will grow more than previously forecast this year as it avoids a winter recession, with inflation expected to ease and gas prices continue to fall.