The sun may have shone, but April was dubbed "awful" for a reason.

The European Central Bank may need to cut its key interest rate below the neutral level of 1.5%-2% to prevent inflation from falling below its 2% target in a frail economic setting, ECB policymaker Mario Centeno told a news briefing on Wednesday.

Chicago Fed chief Austan Goolsbee called the April inflation report 'comforting' but said he needs to see several more as officials consider rate cuts

A rise in the cost of household bills has pushed UK inflation to its highest rate in more than a year. Inflation was 3.5% in April, up from 2.6% in March, according to official data, which was higher than economists had expected.

Ghana's central bank will assess whether its current monetary policy stance is enough to continue driving consumer inflation lower, governor Johnson Asiama said on Wednesday.

UK inflation jumped more than forecast to its highest rate in more than a year as households were hit by a raft of price increases during what has become dubbed “awful April” in the British media.

The headline rate of UK inflation jumped by more than expected to 3.5% in April, this morning's ONS report shows

Britain suffered a bigger-than-expected inflation surge in April, prompting investors to bet on the Bank of England slowing its already gradual pace of interest rate cuts. The annual inflation rate hit 3.

Clothing prices falling were a big offset to the core goods inflation basket. Pantheon Macroeconomics noted that the 1.1% decline there was much more than the typical drop seen in