Bloomberg US consumer borrowing climbed in November by more than forecast as credit-card balances increased by the most in three months. Total credit rises $28 billion from the prior month, Federal Reserve figures showed. The median forecast in a Bloomberg survey of economists called for a $25 billion advance. The figures aren’t adjusted for inflation. Revolving credit outstanding, which …

  Bloomberg European Central Bank Executive (ECB) Board member Isabel Schnabel said borrowing costs must be lifted much further, with inflation only just having dipped back into single digits. “Interest rates will still have to rise significantly at a steady pace to reach levels that are sufficiently restrictive to ensure a timely return of inflation to our 2 percent medium-term …

Bloomberg UK retail stocks appear to be turning the corner in the New Year after a dismal 2022. JD Sports Fashion plc and J Sainsbury plc on Wednesday joined UK online shopping bellwether Next plc and small retailer Card Factory plc in providing a more upbeat outlook, potentially extending a surprise rally in consumer stocks. JD Sports shares jumped as …