UNENF

FRANKFURT (AFP) – The European Central Bank bought extra insurance Thursday against the economic recovery running out of steam by extending emergency funds for commercial banks even as it hiked its growth and inflation forecasts.

FRANKFURT (AFP) – The European Central Bank on Thursday raised its growth and inflation forecasts for the 16-nation eurozone, with the economy now expected to expand 1.6 percent this year and 1.4 percent in 2011.

BRUSSELS (Reuters) – Euro zone inflation slowed in August, pointing to steady interest rates well into 2011, but unemployment remains high and uneven across the region, underlining the two-speed recovery, data showed on Tuesday.

BRUSSELS (Reuters) – Euro zone inflation slowed in August, pointing to steady interest rates well into 2011, but unemployment remains high and uneven across the region, underlining the two-speed recovery, data showed on Tuesday.

A leading business group has called on the Bank of England to hold interest rates steady as it argues growth stalling would be worse for the recovery than rising inflation.

MOSCOW (AFP) – Prices of basic foodstuffs like buckwheat and flour have soared in Russia over the past month as the effects of its worst ever drought hit supplies, statistics showed Wednesday.

MOSCOW (AFP) – Russia’s worst drought on record will take a substantial chunk out of growth and increase inflation risks just as the economy manages a fragile recovery after recession, an official said Tuesday.

FRANKFURT (Reuters) – The European Central Bank should extend unlimited lending to banks past the end of the year and resume exit discussions in early 2011, Governing Council member Axel Weber was quoted on Friday as saying.

LONDON (Reuters) – Investors for now are buying the Bank of England’s line that inflation will prove short-lived, but after years of overshoots the central bank risks a deeper loss of credibility with markets if it is proved wrong.

LONDON (Reuters) – Bank of England policymakers considered the case for both easing and tightening policy this month, before voting 8-1 to keep interest rates at a record low of 0.5 percent, minutes showed on Wednesday.

George Osborne has admitted that Britain’s economic recovery will be “choppy”, but insisted there is light at the end of the tunnel.

LONDON (AFP) – Britain’s annual inflation rate eased in July, official data showed on Tuesday, but experts warned about the future impact of soaring commodity prices — particularly wheat — on the key measure.

LONDON (AFP) – Britain’s annual inflation rate eased in July, official data showed on Tuesday, but experts warned about the future impact of soaring commodity prices — particularly wheat — on the key measure.

LONDON (AFP) – Britain’s annual inflation rate eased last month, official data showed on Tuesday, as lower petrol and transport prices offset rising food costs.

LONDON (Reuters) – Sterling fell against the euro on Tuesday as the single currency was boosted by solid demand at an Irish bond auction, while the pound inched up versus the dollar, which fell broadly due to higher demand for riskier currencies.