Kristalina Georgieva, IMF managing director, speaks on a panel at the World Economic Forum in Davos, Switzerland.

Economists and analysts aren’t convinced that an expansion of oil and gas production will lower consumer prices.

At the World Economic Forum, President Trump's return to the White House overshadowed traditional talk on climate change, trade and development.

The Pound Sterling exhibits a sharp volatility contraction around 1.2450 against the US Dollar on Thursday. The near-term outlook for the GBP/USD pair remains firm as it holds the 20-day Exponential Moving Average (EMA), which trades around 1.2400. However, the 50-day EMA near 1.2510 continues to be a major barrier for Sterling bulls.

Treasury yield surpassed 5%, it could "shock" the stock market and "force a revaluation," BlackRock's Larry Fink said.

I mean, get over it,” JPMorgan Chase CEO Jamie Dimon told CNBC on Wednesday from the World Economic Forum in Switzerland. “National security trumps a little bit more inflation.”

South Africa's economic outlook is better this year than last, but the inflation picture is more muddied as risks abound, its central bank governor said on Tuesday.

After lowering key rates in December, the ECB is widely expected to announce another 25 basis points (bps) cut, taking the benchmark rate on deposit facility from 3% to 2.75%. It would be the fourth straight interest rates cut after trimming them in September, October and December 2024.

Progress reducing the rise in consumer prices has stalled, with recent data coming in hotter than expected. By pressuring the Federal Reserve, Trump could reignite inflation.

Despite US President Donald Trump's sabre-rattling, the European Central Bank is set to press on with interest rate cuts Thursday as officials increasingly voice confidence that the fight against inflation is on track.

The Federal Reserve expressed concern that inflation has not eased enough for it to continue lowering interest rates.