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German ministry warns 2025 uncertainty to weigh on economic recovery
BERLIN, Jan 15 (Reuters) - Germany can only hope for a tangible economic recovery once there is clarity on the economic, financial and geopolitical outlook, the economy ministry said in its monthly report on Wednesday, after annual data showed a 2024 recession.Reuters
Wed, Jan 15
ECB’s Villeroy: It makes sense for interest rates to reach 2% by the summer.
Speaking in a scheduled appearance on Wednesday, European Central Bank (ECB) policymaker Francois Villeroy de Galhau noted: “It makes sense for interest rates to reach 2% by the summer.” Additional comments We have practically won the battle against inflation.Fxstreet
Wed, Jan 15
UK banks resist mortgage rate hikes amid money market turmoil
Banks shake off swap rate rises to keep mortgage hikes at bayLenders competing strongly to secure new home loan businessBorrowers remain cautious but price falls could tempt buyersBy Sinead Cruise and Lawrence White LONDON, Jan 15 (Reuters) - Britain's banks are accepting smaller profit margins a...Reuters
Wed, Jan 15
German economy contracted 0.2% in 2024
BERLIN, Jan 15 (Reuters) - The German economy contracted by 0.1% in the final quarter of last year and shrank by 0.2% over the full-year 2024, the Federal Statistics Office said on Wednesday. The full-year decrease in gross domestic product (GDP) compared with a forecast by analysts polled by Reuter...Reuters
Wed, Jan 15
ECB’s de Guindos: If incoming data confirms our baseline, we can expect further rate cuts
European Central Bank (ECB) Vice President Luis de Guindos said on Wednesday that “if incoming data confirms our baseline, we can expect further rate cuts.” Further comments Risks to economic growth remain tilted to the downside.Fxstreet
Wed, Jan 15
Euro area bond yields edge down before US CPI
By Stefano Rebaudo Jan 15 (Reuters) - Euro area benchmark Bund yields edged lower on Wednesday, breaking a 10-day rising streak, as investors awaited U.S. consumer price inflation figures later in the session.Strong economic data and fears that U.S. President-elect Donald Trump's policies could b...Reuters
Wed, Jan 15
