Interest rates may be held until late 2015 as inflation likely to fall below 1%

The Bank of England has signalled that interest rates could remain on hold until next autumn as inflation is likely to fall below 1% in early 2015.

Fed seen hiking rates in June 2015 as U.S. job creation surges

(Reuters) - The Federal Reserve could start raising benchmark interest rates in just over a year, based on trading in U.S. short-term interest-rate futures after a government report showed employers added many more jobs than expected in April.

Abe Aide Urges BOJ Law Revision to Boost Inflation Expectations

Japan should revise its central bank law to make it accountable for job creation and ending deflation, said Etsuro Honda, an economic adviser to Prime Minister Shinzo Abe.

EU's Rehn: Italy needs political stability for reforms, growth

PARIS (Reuters) - Italy must quickly restore political stability to make the reforms it needs to return to growth, the European Union's top economic official said on Tuesday.

Senate approves head of Ex-Im Bank for second term

(Reuters) - The Senate on Wednesday voted 82-17 to approve Fred Hochberg for a second term as president of the U.S. Export-Import Bank, a move that will allow the government-run lender to keep operating past Saturday, when it faced a possible shutdown.

As U.S. Growth Lags, Some Press the Fed to Do Still More

WASHINGTON — In the five months since the Federal Reserve started a campaign to increase growth and reduce unemployment, the economy has slowed and unemployment has increased.

Statement by the EC, ECB, and IMF on the Sixth Review Mission to Portugal

Staff teams from the European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) visited Lisbon during November 12 - 19 for the sixth quarterly review of Portugal’s economic program.

Minimum wage frozen for young people

Young people will see their take home pay fall in October after the Government froze the youth minimum wage rates over concerns that they were hindering job creation.