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Annual drop in May but policymakers still almost certain to hold rates at 4.25% on ThursdayBusiness live – latest updatesInflation in the UK fell to 3.4% last month as shop prices declined, complicating the Bank of England’s interest rates decision on …
Annual rate slows in May from 3.5% in April despite record increase in chocolate pricesBusiness live – latest updatesInflation in the UK eased slightly to 3.4% last month as a steep fall in air fares and petrol prices was offset by a jump in the cost o…
European Central Bank makes eighth quarter-point cut in a year as bloc reels from impact of Trump’s trade warsBusiness live – latest updatesThe European Central Bank has cut interest rates to 2% in an effort to boost flagging economic growth across the…
Bank of England policymaking affected by US administration’s on-off trade decisions, Andrew Bailey tells MPsBusiness live – latest updatesThe Bank of England governor, Andrew Bailey, has told MPs that the future path of interest rates in the UK has bec…
Reserve Bank vetoed a 50 basis point cut in cash rate last month, but is willing to take such action if global economy demands it Australia news live: latest politics updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank of…
Alan Taylor voted for a 0.5-point cut last month and feels recent economic figures are led by one-off factorsBusiness live – latest updatesA member of the Bank of England’s interest rate-setting committee has warned that higher-than-expected inflation …
Amid apparent rising pay, economists are concerned about the consequences of a possible shift in the balance of powerWhen Eastbourne’s refuse collectors secured a huge 11% pay rise, increasing to 19% for the lowest paid, it seemed like worker power was…
Bank torn between calls to cut interest rates to boost growth and need to damp down price risesUK inflation jumps higher than expected to 3.5%Business live – latest updatesFor households across Britain, April was an awful month. Rising energy bills, br…
Annual rise in April follows upturn in national insurance contributions and higher household costsBusiness live – latest updatesInflation in the UK jumped by more than expected last month to 3.5% – its highest rate in more than a year – after dramatic …
Huw Pill says rate cuts could fuel inflation resurgence and urges colleagues to be cautious before making further cutsBusiness live – latest updatesThe pace of UK interest rate cuts has been “too rapid” at a time when pay packet increases remain strong…