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Christodoulos Patsalides, governor of the Central Bank of Cyprus (CBC), has indicated that the European Central Bank (ECB) is becoming increasingly likely to raise interest rates in June as inflation risks continue to intensify across the eurozone. Speaking in an interview with financial news agency MNI, later cited by Bloomberg, Patsalides said deteriorating economic conditions, rising oil prices and heightened geopolitical uncertainty are placing additional pressure on in

Consumer prices in the United States rose sharply again in April, with the latest data from the United States Department of Labor showing the Consumer Price Index increased 3.8% compared with April 2025. The monthly reading also showed prices climbing 0.6% from March to April, a slowdown from the 0.9% increase recorded between February and March. Energy costs were a major driver of the increase, with petrol prices rising 5.4% over the month. On a year-over-year basis, petrol

Consumer prices in the United Kingdom rose at a faster pace in March, with annual inflation climbing to 3.3% from 3% the previous month, as escalating conflict in Iran triggered a sharp increase in energy costs. The latest figures from the Office for National Statistics matched expectations but have led markets to rethink the likelihood of an imminent interest rate cut by the Bank of England, which now appears increasingly unlikely. The rise in inflation was driven primar

Inflation expectations across the eurozone could accelerate more rapidly than in previous periods, and the European Central Bank must be prepared to respond decisively with interest rate increases if sustained price pressures begin to take hold, policymaker Dimitar Radev has cautioned. The surge in energy prices driven by the ongoing Iran war has already pushed inflation well beyond the ECB’s 2 percent target, prompting internal debate over whether tighter monetary policy is

The Central Bank of Cyprus has unveiled the CBC Blog, a new digital communication platform designed to deepen public understanding of economic developments and the role of central banking. The initiative, according to the bank, is part of a broader strategy to strengthen transparency and improve the flow of information to the public regarding economic conditions and monetary policy. Through this newly established blog, the central bank aims to publish timely, accessible and a

A recent survey conducted by the European Central Bank indicated a modest increase in how consumers perceive past inflation, alongside notable movements in expectations related to inflation, income, growth, housing and credit conditions. According to the ECB, the median rate of inflation perceived by consumers over the previous 12 months edged up to 3.2 per cent, compared with 3.1 per cent recorded in November. At the same time, median expectations for inflation over the comi

Inflation across the euro area has largely been reined in following one of the most intense price surges in recent decades, with the European Central Bank now moving into what it sees as a delicate transition period, according to ECB executive board member Philip Lane. In an interview first published by Italian newspaper La Stampa , Lane said the dramatic rise in inflation during 2021 and 2022 led the ECB to implement an aggressive tightening of monetary policy, a strategy th

Interest rates set by the Bank of England are likely to keep moving lower as inflation appears on track to return to the central bank’s 2 per cent goal sooner than previously expected, according to comments made by policymaker Alan Taylor on Wednesday. Speaking in prepared remarks for an event at the National University of Singapore, Taylor said the inflation outlook had improved notably compared with earlier projections. “We can now see inflation at target in mid-2026, rat

Inflation in the eurozone returned to the European Central Bank’s 2% target in December, offering reassurance to policymakers as price pressures continue to ease. Eurozone inflation fell to 2% in December, meeting the ECB’s price stability goal and reinforcing indications that the sharp surge in prices seen over recent years is gradually fading. Flash estimates published by Eurostat on Wednesday showed that the annual rate of consumer price growth slowed from 2.1% in November