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Bank’s wariness about inflationary pressures from the conflict lie behind decision to hold steady at 3.75%Business live – latest updatesThere is a threat of high inflation coming to the UK but only from the conflict in the Middle East, which could keep…
Split vote comes as Iran war is rekindled and oil price climbs back above $90 a barrelBusiness live – latest updatesOnly Middle East crisis is preventing drop in UK interest ratesThe Bank of England has kept UK interest rates on hold as it warned that …
ABS data shows inflation still too high but tracking lower than anticipatedAustralian mortgage-holders have “dodged a bullet’, with the Reserve Bank now less likely to hike rates next month after new data showed inflation unexpectedly eased to 3.8%, in…
Bank of England expected to keep rates on hold on Thursday but renewed Iran conflict casts shadow over energy costsThe Bank of England could be forced to tear up its economic forecasts and raise interest rates later this year if oil prices return to ab…
Economists’ warning comes as escalating Middle East crisis pushes global crude oil back above $US100 a barrelGet our breaking news email, free app or daily news podcastAustralian households face the prospect of a Reserve Bank interest rate hike and pet…
Live, rolling coverage of business, economics and financial markets as traders fear attacks from Yemen and Iran creating ‘two-chokepoint problem’The Houthi attacks off the coast of Yemen targeted Saudi Arabian tankers, but two Chinese vessels carrying …
Annual June figure comes after new PM pledges to reduce cost of living and improve economyBusiness live – latest updatesUK inflation dropped by more than expected in June to 2.6%, in a boost for Andy Burnham’s plans to reduce the cost of living.The new…
Experts warn global energy market at a ‘critical juncture’ with escalating Middle East crisis expected to further drag on a slowing Australian economyFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily n…
Stock markets fall as analysts priced in two quarter-point UK rate rises by the end of the year Business live – latest updatesOil and gas prices have jumped and expectations of interest rate rises in Europe have increased after the US carried out a thi…
Economists warn continued airstrikes could push oil prices beyond US$100 a barrel, increasing chance of further RBA rate hikeResurgent oil and fuel prices could cement a fourth interest rate rise this year if Donald Trump’s renewed conflict with Iran i…