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Interest rates are widely expected to remain unchanged as the Bank of England’s Monetary Policy Committee (MPC) convenes for its first policy meeting of the year.   In December, the MPC voted to reduce the Bank rate from 4% to 3.75%, while indicating that borrowing costs were “likely to continue on a gradual downward path.” The Bank rate is the committee’s main instrument for steering inflation — which measures the yearly pace of rising prices — toward its 2% target. It also

Household real consumption per capita in the euro area rose by 0.4 per cent during the third quarter of 2025, maintaining the same pace of growth recorded in the previous quarter, according to data released by Eurostat.   Over the same three-month period, household real income per capita in the euro area increased by a more modest 0.1 per cent, following a stronger rise of 0.5 per cent in the second quarter of 2025.   Across the European Union as a whole, household real consu

Net new loans in Cyprus declined in November 2025, according to a report released this week by the Central Bank of Cyprus. Specifically, net new loans fell to €256.3 million from total new loans of €565.2 million, compared with €429.4 million from total new loans of €624.9 million in October 2025. The Central Bank’s report also included statistical data on average interest rates applied by monetary financial institutions in Cyprus on deposits and loans to euro area residents