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The European Central Bank left its key interest rates and its plan to continue its monthly asset purchases at half its current size from January, unchanged on Thursday and reiterated that the rates will remain at their present levels well past the life of the stimulus. The Governing Council, led...

BankofEngland-121417.jpg The Bank of England policymakers unanimously decided to leave its key interest rate unchanged on Thursday after tightening it for the first time in a decade in November. The Monetary Policy Committee, headed by Governor Mark Carney, voted to maintain the benchmark rate at 0.50 percent.

The Bank of England left its key interest rate unchanged on Thursday after raising it for the first time in a decade in November. The Monetary Policy Committee, headed by Governor Mark Carney, unanimously decided to maintain the benchmark rate at 0.50 percent. The bank had raised its rate by a quarter...

Germany is set to log its strongest growth since 2011 next year, think tank ifo predicted on Thursday, as it sharply raised the growth forecasts for the biggest euro zone economy. The Munich-based ifo raised the growth forecast for 2018 to 2.6 percent from 2 percent. "The German economy is in...

swissnationalbank-121417.jpg The Swiss National Bank maintained its expansionary monetary policy stance on Thursday and reaffirmed its commitment to remain active in the foreign exchange market when necessary although the franc weakened against the euro and the US dollar. Further, the bank forecast inflation to exceed its target in three years' time due to the weaker currency.

Ireland's consumer prices increased for the fourth straight month in November, data from the Central Statistics Office showed Thursday. The consumer price index climbed 0.5 percent year-over-year in November, slightly slower than the 0.6 percent increase in October. Utility costs grew 3.7 percent...

Greece's unemployment rate declined in the three months ended September, the labor force survey from the Hellenic Statistical Authority showed Thursday. The unemployment rate dropped to 20.2 percent in the third quarter from 21.1 percent in the second quarter. In the corresponding period last...

Turkey's central bank left its key interest rates unchanged on Thursday for a fifth consecutive session amid high inflation. The Monetary Policy Committee, led by Governor Murat Cetinkaya, held the one-week repo rate steady at 8 percent, in line with economists' expectations. The overnight marginal...

Iceland's economic growth is likely to pick up pace over the next year despite the downward revisions to growth in this year, Stephen Brown, an economist at Capital Economics, said. Gross domestic product advanced 2.2 percent sequentially in the third quarter, reversing a 1.7 decline in the second...

Italy's consumer price inflation eased as initially estimated in November, latest figures from the statistical office showed Thursday. Inflation eased slightly to 0.9 percent in November from 1.0 percent in October. That was in line with the flash data published on November 30. Excluding energy...

France's consumer price inflation accelerated slightly as initially estimated in November, final figures from the statistical office Insee showed Thursday. Inflation rose to 1.2 percent in November from 1.1 percent in October. That was in line with the flash data published on November 30. The upward...

Spain's consumer prices rose more than expected in November, final data from the statistical office INE showed Thursday. Inflation rose slightly to 1.7 percent in November from 1.6 percent in October. The annual rate was revised up from 1.6 percent. Meanwhile, underlying inflation eased marginally...

Eurozone private sector activity expanded at the fastest pace in nearly seven years in December, flash survey data from IHS Markit showed Thursday. The headline composite output index climbed to an 82-month high of 58.0 in December from 57.5 in November. Meanwhile, the index was expected to fall to...

UK retail sales grew the most in seven months in November, figures from the Office for National Statistics showed Thursday. Retail sales volume climbed 1.1 percent on a monthly basis in November, with strong contribution from households goods stores. This was the biggest increase since April, when...

Norway's central bank left its key policy rate unchanged, as widely expected, on Thursday. The executive board of Norges Bank decided to maintain the policy rate at 0.50 percent. The previous change in the rate was a quarter-point reduction in March 2016. "The Executive Board's current assessment...

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