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Policymaker highlights split in rate-setting committee, saying inflation is on track to fallUK interest rates may need to be cut this year as the pressure on households and businesses from high borrowing costs ripple through the economy, a senior Bank …
Index rises to 7934.30, pushing it above previous record set on 3 FebruaryThe UK’s blue-chip shares index has hit a fresh all-time high, only days after a previous record was set last Friday.The FTSE 100 index rose by almost 1% on Wednesday morning, ev…
British Retail Consortium says sales growth slowed in January amid soaring costs for energy and food British consumers sharply cut their spending in January as the cost of living crisis damaged household finances, retailers have warned, amid growing co…
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Inflation should be back within Bank’s 2% target range by middle of 2024, Huw Pill addsThe Bank of England is alive to the risk of pushing interest rates too high, its chief economist has signalled, adding to expectations that it could be nearing the e…
All said they remain committed to keeping credit conditions as tight as necessary to return inflation to their common two per cent target from current levels still far above that.
The International Monetary Fund this week said that the U.K. was on track to be the only major economy to shrink this year, even as the outlook for the rest of the world improves.
Differing experts have urged the Monetary Policy Committee to both cut interest rates and to raise themTurn up. Take the temperature of the economy. Raise interest rates. That’s the been the pattern from the responsible technocrats at the Bank of Engla…
Milk, eggs and dog food were grocery items with fastest price rises, figures from Kantar show Britain’s retailers have said shop price inflation has yet to peak this year, with the cost of basic essentials expected to remain high, after figures showed …
The International Monetary Fund now expects the world economy to grow 2.9 per cent this year thanks to China dropping its zero-tolerance COVID-19 measures.