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Rise to 5.25% comes as no surprise but Bank of England’s language will frighten manyFull story: Bank says rates will stay high for at least two yearsExplainer: what the rate rise means for youIf it isn’t hurting it isn’t working. That was the message f…
Policymakers vote for quarter-point rise to 5.25% – the 14th hike in a row – but BoE rules out prospect of recessionBusiness live – latest updatesThe Bank of England has warned businesses and households that the cost of borrowing will remain high for a…
Fears remain over stubborn inflation but slowing economy likely to fuel more cautious approach from rate-setters, say analysts‘It’s a bloodbath’: UK homeowners on variable mortgagesThe Bank of England is poised to push interest rates to 5.25% on Thursd…
Clothing and footwear among items reduced most in July as retailers try to counter bad weatherThe UK’s biggest retailers have reported the first monthly fall in shop prices for two years, as stores tried to tempt in customers with big discounts during …
Which? magazine survey divides UK population up into categories based upon how people are copingAre you “drained and desperate” or “affluent and apathetic”? The UK population is now deeply divided into six new distinct groups based on how people are co…
US economy remains robust despite the 11 rate rises the Fed has implemented – its most aggressive rate-rising cycle in 40 yearsThe US Federal Reserve raised interest rates to a 22-year high on Wednesday as it continued its fight against rising inflatio…
Yes, consumer price growth has been on the skids since December and was only 5.4% for month of June. But beware inflationary clouds on the horizonGet our morning and afternoon news emails, free app or daily news podcastFor outgoing Reserve Bank governo…
US Fed will also have to raise rates more aggressively than forecast, says Washington-based bodyInterest rates in the UK will need to stay higher for longer than previously forecast in order to tackle stubbornly high inflation, the International Moneta…
The Indian government announced on Thursday that it would be stopping all exports of non-Basmati white rice with immediate effect.
The sector is facing many challenges, not least the cost of living crisis that could push the price of a pint to £7Closing for lunch: how UK restaurants are adapting to tough timesAdrian Forte, owner of The Duck, a bar and restaurant in Bournemouth, de…