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Russia's central bank raised its key interest rate citing faster economic recovery and rising inflation. The Board of Directors decided to increase the key rate to 5.50 percent from 5.00 percent, the Bank of Russia said in a statement on Friday. This was the third consecutive hike in rates. The...

Spain's consumer price inflation grew at the fastest rate in more than four years in May, as initially estimated, final data from the statistical office INE showed on Friday. Consumer price inflation rose to 2.7 percent in May, in line with flash estimate, from 2.2 percent in April. This was the...

Greece's jobless rate fell in March, figures from the Hellenic Statistical Authority showed on Friday. The jobless rate fell to 16.3 percent in March from 16.6 percent in February. In the same month last year, unemployment rate was 16.1 percent. The number of unemployed decreased by 32,081 persons...

Germany's wholesale prices grew at the fastest pace since mid-2008 in May, data published by Destatis revealed on Friday. Wholesale prices rose 9.7 percent year-on-year in May, following a 7.2 percent increase in April. This was the fastest increase since July 2008, when prices gained 9.9 percent. The...

The German economy is projected to grow faster than previously estimated on the expectation that the vaccination campaign will suppress the pandemic quickly and sustainably, Bundesbank said in its bi-annual report released Friday. The central bank forecast the largest euro area economy to expand 3.7 percent in 2021 versus 3 percent projected earlier.

Turkey's industrial production and retail sales increased in April, data from Turkstat showed on Friday. Industrial production increased 66.0 percent annually in April, following a 16.7 percent rise in March. Economists had expected a 65.0 percent growth. Among the sub-sectors, mining and quarrying...

Romania's consumer price inflation rose in May, data from the National Institute of Statistics showed on Friday. The consumer price index rose 3.8 percent year-on-year in May, following a 3.2 percent increase in April. Economists had expected a 3.5 percent rise. Prices of non-food products grew...

ukgdp oct10 11jun21 The UK economy grew at the fastest pace since July 2020 as government restrictions affecting economic activity continued to ease in April, data from the Office for Statistics showed on Friday. Gross domestic product rose 2.3 percent month-on-month in April, faster than the 2.1 percent expansion seen in March. The rate was forecast to improve to 2.2 percent.

Finland's current account deficit narrowed in April, data from Statistics Finland showed on Friday. The current account deficit decreased to EUR 644 million in April from EUR 748 million in March. The balance of goods trade showed a surplus of EUR 128 million versus EUR 163 million in the previous...

Monthly GDP, industrial production and foreign trade figures are due from the UK on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP data. The economy is forecast to grow 2.2 percent on month in April, following a 2.1 percent rise in March.

christinelagarde 070319 10jun21 The European Central Bank on Thursday raised Eurozone growth forecasts for this year and next and said the risks to the outlook were balanced. Policymakers also raised the inflation forecast for the two years, but expect underlying inflationary pressures to remain subdued. The bank's rate-setting...

France industrial output logged an unexpected fall in April, reports said citing data from the statistical office Insee on Thursday. Industrial output dropped 0.1 percent in April from March, confounding expectations for an increase of 0.5 percent. At the same time, manufacturing output was down...

The European Central Bank left its interest rates and asset purchases unchanged on Thursday, while policymakers weigh the prospect of tapering stimulus as the euro area economy revs up amid a rapid decline in the coronavirus infections and a faster vaccine roll-out. The Governing Council, led by...

Ireland's consumer price inflation rose in May, data from the Central Statistics Office showed on Thursday. The consumer price index increased 1.7 percent year-on-year in May, following a 1.1 percent rise in April. Prices for housing, water, electricity, gas and other fuels grew 5.4 percent yearly...

Greece's consumer prices rose for the first time in fifteen months in May, data from the Hellenic Statistical Authority showed on Thursday. The consumer price index rose 0.1 percent year-on-year in May, after a 0.3 percent decline in April. Transport cost increased 4.6 percent annually in May...

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