Bloomberg Egyptian Central Bank Governor Tarek Amer said inflation in the most populous Arab country has peaked after policy makers responded to the surge in prices by raising borrowing costs to the highest level in more than a decade. “We are in the right direction and we are moving very fast,” Amer said in an interview on Monday. “We’ve been …

Bloomberg Europe’s desire for a new institution that can keep an eye on government finances and rescue programs might be gaining momentum — if political leaders can only come up with a better name. The term ‘European Monetary Fund’ has become so entrenched that it was included in European Commission President Jean-Claude Juncker’s State of the Union address last week, …

Bloomberg Ten years ago, a lender called Northern Rock, bloated with billions of pounds of risky mortgages, received emergency support from the Bank of England after the short-term funding it relied on dried up. Depositors lined up outside branches to get their money back, the first run on a British bank in 150 years. It was the start of a …