Author: Paul Hannon

An agreement with Russia to halt attacks on energy infrastructure and the restoration of grain exports through the Black Sea, would boost Ukraine’s economy, the European Bank for Reconstruction and Development said.

The government borrowed more in August than a year earlier, a setback for its plans to reduce its deficit as it prepares to outline a new budget next month.

The bloc’s GDP picked up more rapidly than previously estimated in the quarter through June, but that resilience will be tested if the Iran war continues to block the Strait of Hormuz.

Businesses expect the prices they charge to rise by 3.8% over the coming 12 months, a decrease from the 3.9% expected in July.

The Bank of England should raise its key interest rate to limit the risk that inflation will stay above its target for a prolonged period, Chief Economist Huw Pill said.

The U.K. government is taking action to cut its debts and will continue to stick to its self-imposed budget rules, Prime Minister Andy Burnham told lawmakers Wednesday.

The U.K. government borrowed more in July than a year earlier as an increase in spending more than offset record revenues from income taxes.

The Bank of England is unlikely to raise its key interest rate this year or next, despite a sharp pickup in inflation over the second half of 2026, the National Institute of Economic and Social Research said.

Russia’s central bank cut its key interest rate for a tenth straight meeting, despite raising its forecast for inflation to reflect Ukraine’s drone attacks on Russian oil refineries.

European governments have cut their borrowing at the start of their fiscal years, but further progress is set to be more challenging if growth slows in response to higher energy costs that have accompanied the Middle East conflict.