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Added on the 13/09/2016 14:45:59 - Copyright : Reuters EN
European Central Bank President Christine Lagarde says the institution will freeze borrowing costs again on Thursday but warns that inflation could pick up again in the near term, in an apparent pushback against market hopes of early rate cuts in 2024. It is the second time in a row the central bank has held rates, following a run of historic hikes to tame runaway price rises. SOUNDBITE
Theresa May faces her first nationwide electoral test as Britain's prime minister on Thursday, as she toughens her Brexit position just weeks before a crucial general election. IMAGES
The US Secretary of State and newly appointed UK Foreign Secretary Boris Johnson held a press conference in London on Tuesday, following their meeting at Downing Street. The two politicians covered joint strategies abroad, specifically in Syria, in addition to discussing the implications of Brexit.
The Bank of Japan holds off on expanding its massive stimulus programme while pushing back the expected timing for hitting its 2 percent inflation target by around six months. Meg Teckman reports.
The Bank of England holds its interest rate at a 16-year high, insisting it was not yet the right time to cut with inflation staying high despite a fall to just above three percent. "That's encouraging. But we are not yet at a point where we can cut bank rates," he tells a press conference. IMAGES
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