European Central Bank policymaker de Cos repeated that there is still some way to go in the central bank’s tightening campaign.
Germany’s Chancellor Scholz urged the formation of a “realistic and binding accord” to control debt, noting that an unlimited increase in debt is unacceptable.
The International Monetary Fund raised its forecast for 2023 growth in the U.K. to 0.4% from -0.3% while leaving the outlook for 2024 at 1.0%.