ECB interest rate decision looms as growth across bloc stumbles and price rises gather pace, up from 2.6% in March and 1.9% in February

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Inflation across the eurozone has soared to 3% this month as the Iran war drove up energy prices and growth stumbled.

Consumer prices rose by 3% a year across the single currency bloc in April, data from the statistics body Eurostat showed on Thursday morning, up from 2.6% in the year to March, and 1.9% in February.

Sarah Breeden predicts ‘adjustment’ due to elevated risk including private credit and highly valued AI stocks

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Record-high global stock markets do not reflect the risks in the global economy, and will fall back, a deputy governor at the Bank of England has said.

Sarah Breeden, the deputy governor for financial stability at the Bank, fears that macroeconomic risks are not fully priced into equity markets. She cited concerns about private credit markets, highly valued artificial intelligence stocks, and other “risky valuations”.