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Interest Rates News

Interest-rate decisions ripple through mortgages, markets and the wider economy. This feed tracks central-bank moves and the analysis around them, pulled hourly from business desks.

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Record heat and drought make this year's champagne stronger

For the first time, French champagne producers are allowed to sell their bubbly with more than 13% alcohol, as record heatwaves and drought have resulted in grapes containing unusually high levels of sugar. They fear that climate change may eventually force them to permanently rewrite the rules governing winemaking.  Also in the segment, the European Central Bank raised interest rates for the second time this year amid higher energy costs, as a p…

 •  France 24 (English)
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EUR Drops As ECB Hikes Rates (As Expected); Raises Inflation Outlook, Sees Downside Growth Risks

EUR Drops As ECB Hikes Rates (As Expected); Raises Inflation Outlook, Sees Downside Growth Risks The European Central Bank increased interest rates for the second time since the Iran war broke out in February, responding to signs inflation is set to stay well above 2%. The deposit rate was lifted by a quarter-point to 2.5% on Thursday, as predicted by almost all economists in a Bloomberg survey. “The conflict in the Middle East continues to gener…

 •  Zerohedge