The move marks the beginning of a new phase for the global fight against inflation.

The eurozone is the second major economy to cut its main lending rate this week after Canada.

Concerns over interest rates and Middle East mean the World Bank expects growth of just 2.4% in 2024.

The European Central Bank increases rates for the 10th time in a row to a record high.

The European Central Bank raises rates for the ninth time in a row in an effort to control prices.

This evidence was not shown to juries where bankers were jailed for smaller-scale interest rate 'rigging'.

The 2023 growth forecast for the global economy is cut to 1.7% as a result of Ukraine war and Covid pandemic.

The European Central Bank takes strong action as it tries to cool rapid price growth in the eurozone.