Sophie Kiderlin

London

Digital News Associate at CNBC

Digital News Associate at CNBC Make It

German biz/pol/econ & European markets @CNBCi / she/her

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Articles

European Central Bank trims interest rates after inflation dips below target

1 day ago | cnbc.com | Sophie Kiderlin

Christine Lagarde, president of the European Central Bank (ECB), at the Hertie School in Berlin, Germany, on Monday, May 26, 2025. Krisztian Bocsi/Bloomberg via Getty ImagesThe European Central Bank on Thursday announced a 25-basis-point interest rate trim taking the deposit facility rate to 2%, down from a mid-2023 high of 4%. Ahead of the announcement, traders had been pricing in an almost 99% chance of the quarter-point cut according to LSEG data.
As Germany's Merz meets Trump, these topics are top of his agenda

2 days ago | cnbc.com | Sophie Kiderlin

The flags of the U.S. and Germany are on the table at a bilateral meeting between German Economics Minister Habeck and U.S. Secretary of State Blinken at a hotel on the Gendarmenmarkt. Photo: Christoph Soeder/dpa (Photo by Christoph Soeder/picture alliance via Getty Images)Christoph Soeder/dpa | Picture Alliance | Getty ImagesGerman Chancellor Friedrich Merz is set to meet U.S. President Donald Trump on Thursday, with much to discuss at a time of trade disputes and ongoing war in Europe.
The euro zone is ready for a new member: Bulgaria

2 days ago | cnbc.com | Sophie Kiderlin

A worker counts Bulgarian Lev banknotes at a store in Sofia, Bulgaria, on Friday, March 29, 2024. Oliver Bunic/Bloomberg via Getty ImagesBulgaria on Wednesday secured the green light to join the euro zone, meaning the bloc could soon grow from 20 to 21 members. A European Central Bank report assessed that the country met the requirements to adopt the single currency starting next year.
The European Central Bank is almost guaranteed to cut rates. Here's what could happen next

3 days ago | cnbc.com | Sophie Kiderlin

A projected illumination marking the 75th anniversary of the Schuman Declaration, on the Grossmarkthalle building at the European Central Bank headquarters in Frankfurt, Germany, on May 9, 2025. Alex Kraus/Bloomberg via Getty ImagesThe European Central Bank is all but guaranteed to trim its key interest rate on Thursday. Markets were last pricing in an around 99% chance of a 25-basis-point cut, according to LSEG data.
Euro zone inflation falls to cooler-than-expected 1.9% in May, below ECB target

4 days ago | nbcchicago.com | Sophie Kiderlin

Euro zone inflation fell by more than expected to 1.9% in May, below the European Central Bank's 2% target, flash data from statistics agency Eurostat showed Tuesday. Economists polled by Reuters had expected the May reading to come in at 2%, compared to the previous month's 2.2% figure. Inflation has been moving back towards the 2% mark throughout 2025 amid uncertainty for the euro zone economy.
U.S. growth forecast cut sharply by OECD as Trump tariffs sour global outlook

4 days ago | cnbc.com | Sophie Kiderlin

Old Navy and Gap retail stores are seen as people walk through Times Square in New York City on April 9, 2025. Angela Weiss | Afp | Getty ImagesEconomic growth forecasts for the U.S. and globally were cut further by the Organisation for Economic Co-operation and Development as President Donald Trump's tariff turmoil weighs on expectations. The U.S. growth outlook was downwardly revised to just 1.6% this year and 1.5% in 2026. In March, the OECD was still expecting a 2.2% expansion in 2025.
U.S. growth forecast cut sharply by OECD as Trump tariffs sour global outlook

4 days ago | flipboard.com | Sophie Kiderlin

1 day agoTrump administration requests another pause in tariff ruling on two toy companiesNew York CNN — The Trump administration has asked for a pause in a second court ruling challenging its sweeping tariffs invoked under emergency powers. The administration asked a US appeals court to stay a preliminary injunction from last week in a case that affected two US toymakers.
German inflation eases to hotter-than-expected 2.1% in May

1 week ago | cnbc.com | Sophie Kiderlin

19 May 2025, Berlin: Apricots are sold at a greengrocer for 7.98 euros per kilogram. Grapes and papaya are also on offer. Photo by Jens Kalaene/picture alliance via Getty ImagesGermany's annual inflation hit 2.1% in May approaching the European Central Bank's 2% target but coming in slightly hotter than analyst estimates, preliminary data from statistics office Destatis showed Friday. The print compares with a 2.2% reading in April and with a Reuters projection of 2%.
Could German infrastructure be the next hot investment?

1 week ago | cnbc.com | Sophie Kiderlin

An overview of the construction site of the Stuttgart 21 railway station project seen on May 22, 2025 in Stuttgart, Germany. Thomas Niedermueller | Getty Images News | Getty ImagesGermany's newly minted government is looking to the private sector to help save the country's ailing infrastructure. Economy minister Katherina Reiche called for a cash injection earlier this month:"We need speed and investments, and we need private capital," she told CNBC.
Six-year-olds in Germany could soon start saving for retirement

1 week ago | cnbc.com | Sophie Kiderlin

Girl Child Putting a Coin in a Piggy Bank. Natalia Lebedinskaia | Moment | Getty ImagesMost people begin saving for retirement when they start full-time jobs — but primary school kids in Germany could get an early start. The country's new government has made plans to introduce a so-called early start pension, setting up kids as young as six years of age with a retirement pot.