Business

The British pound sterling fell by more than 1% to a three-week low following statements by Andrew Bailey about a possible more aggressive reduction in interest rates.

The Federal Reserve System of the United States has revised its economic growth forecast for 2024 and lowered the key interest rate, indicating a more cautious approach to future economic policy.

Despite the decline in PMI in Italy and the UK, European stock indices ended the day with gains, amid positive changes in other countries and expectations of ECB rate cuts.

Construction of Ellinikon — the largest Smart City in Europe — has started in Athens, and by Christmas 2026, it will become home to 20,000 residents

Gold prices have surpassed $2400 per ounce, growth to continue amid geopolitical risks

The US dollar has strengthened against the euro and the pound amid expectations for the Federal Reserve, stable against the yen; the DXY index is rising

Gold continues to rise, reaching $2276.9 per ounce in anticipation of a Federal Reserve interest rate cut

Visa and Mastercard have agreed to lower fees for small businesses, promising savings of $30 billion over 5 years

Most participants of the NBU's Monetary Policy Committee forecast a reduction in the discount rate to 13-14% amid rising risks

Joachim Nagel predicts a reduction in the ECB's key rate in June, despite risks to the euro

The Bank of England has kept the interest rate at 5.25%, expecting a decrease in inflation below 2% soon

European stock markets are growing in anticipation of three Federal Reserve rate cuts this year, with the Stoxx 600 up 0.6%

The Federal Reserve keeps the key rate unchanged, aiming to reduce inflation and support employment

In Switzerland, only 36% of households own their home; the average rent for a 4-room apartment exceeds 1600 francs

On the eve of the Fed meeting, the dollar is strengthening against the world's leading currencies, the market expects the rate to remain unchanged

Canada and Germany have struck a hydrogen trade deal, aiming to reduce reliance on Russian oil

The Reserve Bank of Australia did not change the key rate, keeping it at 4.35%. The decision matches the analysts' forecasts

US indices grow ahead of the Fed meeting and news from major companies

The Italian holding Miroglio Group has purchased the brand Trussardi, planning to expand its presence in the clothing and leather goods market

Lithuania tightens inspections of grain imports from Russia and occupied territories following Ukraine's statements on illegal export