Five Things You Need to Know to Start Your Day: Europe
Get up to speed with what the markets are monitoring
Good morning. There’s growing optimism interest rates are coming down. French tax hikes loom. And UK business chiefs are losing confidence in the economy. Here’s what people are talking about.
A consumption-driven UK recovery could revive inflation, but more interest rate cuts are likely with prices “moving in the right direction,” Bank of England policymaker Megan Greene said. Greene, an external member of the BOE’s Monetary Policy Committee, said she was watching for signs of companies raising prices as the economy gathers steam and that a robust consumer could be the trigger.