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Hungary's central bank slashed its key interest rate for a third straight month on Tuesday, in line with economists' expectations. The Monetary Council of the Magyar Nemzeti Bank reduced the base rate by 15 basis points to 0.90 percent, effective May 25. In March, the bank had reduced the rate...

Bank of England Governor Mark Carney said the bank is responsible to warn Britons about the risks that would arise if people vote to leave EU in the referendum on June 23. The central bank has responsibility to the British people, who don't want risks kept from them, Carney said at the parliament's...

GermanZEW-052416.jpg German economic sentiment unexpectedly weakened in May as financial experts found it unlikely that the biggest euro area economy would repeat its stellar first quarter performance as the uncertainty linked to the "Brexit" clouded outlook.

Turkey's central bank lowered its key lending rate further, while retaining the repo and borrowing rates on Tuesday. The Monetary Policy Committee of the Turkish central bank trimmed the Marginal Funding Rate by 50 basis points to 9.50 percent from 10 percent as expected by economists. This was the...

Croatia's jobless rate dropped to an eight month low in April, figures from the Croatian Bureau of Statistics showed Tuesday. The unemployment rate fell to 15.9 percent in April from 17.2 percent in March. A similar lower rate was last seen in September 2015 and was the lowest since August 2015. In...

U.K. retail sales volume recovered in May but it was forecast to drop slightly next month, the Distributive Trades Survey from the Confederation of British Industry showed Tuesday. The retail sales balance rose to +7 percent in May from -13 percent in the prior month. Nonetheless, the score was slightly...

Germany's economic sentiment weakened for the first time in three months, defying expectations for improvement as financial experts do not expect the strong performance of the economy in the first quarter to continue, results of the latest survey from the Centre for European Economic Research or ZEW...

Iceland's wages increased at a faster pace in April, Statistics Iceland reported Tuesday. The wage index climbed 13.4 percent year-on-year in April following a 13.3 percent rise in March. On a monthly basis, growth in wages slowed to 0.3 percent from 0.9 percent a month ago. The real wage...

The U.K. budget deficit narrowed less than expected in April, figures from the Office for National Statistics showed Tuesday. Public sector net borrowing excluding public sector banks decreased GBP 0.3 billion from last year to GBP 7.2 billion in April. It was forecast to fall to GBP 6.4 billion....

Finland's producer prices declined at a strong pace for the third straight month in April, mainly due to lower prices for oil, basic metals and chemical products, figures from Statistics Finland showed Tuesday. The total producer prices index dropped 4.7 percent year-on-year following 4.2 percent...

Sweden's jobless rate declined to a 4-month low in April, Statistics Sweden reported Tuesday. The unemployment rate fell to 7.3 percent in April from 7.7 percent in March. This was the lowest since December 2015, when the rate was 6.7 percent. It was forecast to drop marginally to 7.6 percent. The...

Finland's unemployment rate dropped in April after rising strongly in the previous month, data from Statistics Finland showed Tuesday. The unemployment rate fell to 9.8 percent from 10.1 percent in March. In February, the figure was 9.4 percent. A year ago, the jobless rate was 10.3 percent. The...

Czech economic confidence improved slightly in May after easing in April, the Czech Statistical Office reported Tuesday. The economic confidence index rose to 11.0 from 10.5 in April. In industry, the sentiment index climbed to 2.7 from 1.7, while that in trade fell to 17.7 from 18.3. At the...

French business confidence weakened in May after strengthening in the previous month as export demand weakened sharply, figures from INSEE showed Tuesday. The manufacturing business confidence index fell to 104 from a revised 105 in April. Economists had expected the figure to hold steady at 104...

Edited last paragraph Switzerland's trade surplus increased in April as exports recovered amid a fall in imports, data from the Federal Customs Administration showed Tuesday. The trade surplus increased to CHF 2.5 billion in April from CHF 2.2 billion in March. Exports grew 0.3 percent from...

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