Around half of Greeks plan to reduce spending on summer holidays this year, as rising costs continue to squeeze household budgets, Greek financial newspaper Naftemporiki reported on Wednesday, citing a survey by the Hellenic Institute of Retail Consumer Goods Research (IELKA).

Sri Lanka's central bank shocked financial markets on Tuesday after raising its policy interest rate by a substantial 100 basis points, marking the largest increase in three years.

For years, the European Central Bank was primarily associated with one mission: controlling inflation through interest rate policy. Today, however, Europe’s financial future is increasingly being shaped by a far broader transformation taking place behind the scenes.

 South Africa's headline consumer ​inflation edged up as expected last month, but analysts ‌said the increase would be far larger in April when fuel price hikes triggered by the U.S.-Israeli war on Iran have filtered through into ​consumer prices.

South Africa's annual consumer inflation rose to 4 percent in April from 3.1 percent in March, driven mainly by sharp fuel price increases, Statistics South Africa (Stats SA) said Wednesday.

US stock futures declined on Tuesday as Wall Street continued to grapple with inflation concerns while also awaiting Nvidia’s (NVDA) upcoming earnings report.