Banking

UK inflation has peaked, but still elevated Core inflation surprisingly strong Traders hike bets for 50bp hike at BoE in Feb. Offering rates support to Pound Sterling Image © Adobe Stock The British Pound held recent gains against the Euro and Dollar following official data that showed a slight downturn in headline UK inflation, however it remains elevated in double-digit figures and a strong core reading has prompted traders to raise bets for another 50 basis point interest rate hike at the Bank of England in February. The Consumer Prices...

Wednesday, January 18, 2023 The World Bank's estimates confirm the prospect of constant economic growth for Romania until 2030, Prime Minister Nicolae Ciuca said on Tuesday, in an online intervention at the anniversary event dedicated to the 25 years of activity in Romania of the Foreign Investors Council."We are the country with the highest economic growth at the level of the Union, eight times from 2000 to 2022. This growth is also felt at the level of GDP per capita, which rose from 1,669 to 14,825 US dollars. We quickly...