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Russia anticipates its federal budget deficit will reach roughly 2 percent of gross domestic product this year, based on a highly conservative crude oil price baseline, President Vladimir Putin announced during a high-level government economic meeting in Moscow. Opening the

– The Bank of England has put in place a multi-year plan aimed at reducing its remaining holdings of monetary-policy gilts by September 2034. Under this approach, the central bank will offload £20 billion worth of government bonds annually, with

– Britain’s full new State Pension is nearing the point where it could surpass the standard tax-free Personal Allowance starting from April 2027. The main earnings growth measure used for the triple lock currently stands at 3.9%. The Office for

– Bank of England approaches its September policy session with Bank Rate held at 3.75% and inflation remaining above the target level. The Monetary Policy Committee is scheduled to reveal its upcoming interest rate decision on September 17. Additionally, members

– Following a weaker start to the year, Austria’s central banking authority has adjusted its 2026 economic expansion forecast downward. The Oesterreichische Nationalbank now projects a GDP increase of 0.5% for this year, a slight decrease from its June estimate

Gold prices hovered near their lowest point in a week as investors reevaluated expectations for interest rates and observed sovereign yield movements across global markets. Spot gold was quoted at $4,318.88 per ounce, climbing slightly after a 2 percent decline

European equity markets closed lower across the region as investors digested the European Central Bank’s decision to raise key interest rates. Broad-based selling pressure affected major regional benchmarks throughout the trading session following monetary policy announcements from Frankfurt. The pan-European

India and Russia have committed to enhancing their economic partnership with a goal of achieving $100 billion in bilateral trade by the year 2030. This initiative involves shifting focus towards expanding non-energy sectors to rebalance their commercial relationship. During the

– European Central Bank increased its three primary interest rates by 25 basis points as inflation continued to stay above its target level. The deposit facility rate now stands at 2.50%, up from 2.25%. Meanwhile, the main refinancing rate has

– Russia is enhancing its financial backing for the creative industries, reflecting their growing influence in the national economy. According to official data, creative enterprises contributed 4.2 percent to Russian GDP in 2025, with their gross value added reaching 8.26