Eurozone – Page 4

U.K. Economy Sputters and Barely Avoids a Recession

Economic growth was unchanged in the fourth quarter, and slow expansion is expected in the years ahead.

Another half-point increase pushed rates to the highest levels since 2008, and the bank said it “expects to raise them further.”

Prices rose at an annual rate of 8.5 percent last month, down from 9.2 percent in December, but signs of persistent cost increases remain.

The eurozone economy grew 0.1 percent late last year, a reflection of modestly rising optimism as energy prices have eased, but risks remain.

Declines in overall inflation rates may bring comfort to consumers, but central bankers are still wary of drivers of persistently high prices.