Bloomberg Back in 2010, when U.K. Chancellor of the Exchequer George Osborne was kicking off his fiscal squeeze, he rarely tired of saying how his “credible’’ plans gave the Bank of England flexibility on policy. Six years later and the story hasn’t changed much. Cornered by his own pledge to post surpluses from 2020, Osborne must keep tightening the purse ...

Bloomberg Industrial production in the euro area opened 2016 with its strongest monthly performance in more than six years, boosted by energy and capital goods. Output jumped 2.1 percent in January from December, helped by growth in Germany, France and Italy, the Eurostat statistics office in Luxembourg said on Monday. From a year earlier, production rose 2.8 percent, the biggest ...

Bloomberg Here’s a little known fact: Norwegian banks may soon need to contend with interest rates even deeper below zero. While the key policy rate is at 0.75 percent, the rate on excess reserves fell below zero in September and is now at minus 0.25 percent. With 18 out of 20 economists surveyed by Bloomberg predicting another cut in the ...