Bloomberg Euro-area inflation was weaker than initially reported in July, raising pressure on European Central Bank (ECB) policy makers to consider more stimulus in September. Eurostat revised its July estimate for consumer price growth to 1%, down from a reading of 1.1% reported on July 31. It’s the second consecutive revision to inflation data. The report adds to negative data ...

Bloomberg India’s central bank Governor Shaktikanta Das said reviving economic growth remains his top priority and urged bankers to pass on past interest rate cuts to borrowers at a faster pace. The six-member monetary policy committee is giving growth the “highest priority,” Das said at a banking conference on Monday in Mumbai. Policy makers, financial sector representatives and bankers were ...

Bloomberg State Bank of India (SBI), the country’s largest lender, expects credit growth to slow in the financial year started April 1 because demand remains subdued, Chairman Rajnish Kumar said. Credit growth in the current financial year will be between 12% and 14%, compared with about 14% in the previous 12 months, he told the media in Kolkata. The financial ...