ASDA is making a big change to popular food items and it could divide shoppers' opinions.The supermarket giant has said it will remove use by dates on...
Whereas the Chief Economist of the Bank of England, Huw Pill, has suggested that interest rates might need to stay higher for longer given the current inflationary environment, another member of the MPC, Alan Taylor has suggested the opposite. His take is that the current spike in inflation has largely been caused by one-off factors and that the the future trajectory of interest rates will be lower.
The fact that there's such transparency in decision-making, and that there's permitted to be disagreement is, for me, a very healthy feature of central bank independence and monetary policy in the UK.
Who's right? Well, we'll have to wait and see - on the one hand, it looks like the economy is slowing, but on the other hand labour market data suggests that pay growth remains strong.
Is another interest rate cut by the Federal Reserve going to come a day after the Presidential Election, and will this signal that the battle with inflation has been won?
If so, and there's a Republican victory, then it would seem likely that the President is going to claim responsibility for this.
Annual UK food price inflation fell to 3.9% last month and is now well below 2023 levels, but meat, dairy and eggs still remain significantly pricier than 2019.
A more hawkish position on monetary policy from within the MPC, albeit an external member. However, Catherine Mann is of the view that markets think rates will fall faster than they are likely to, and that the Bank is under no obligation to cut rates to keep markets (or the government) happy.
LONDON (Reuters) -Unpredictable White House tariff rhetoric and its impact on currency markets, oil prices and the inflation outlook have put central banks across the world in a tight spot. The European Central Bank cut interest rates on Thursday and looks set to pause, Switzerland appears to be...
Japan’s debt is exploding 💣 and rising interest rates could shake the entire global market 🌍.
With the Bank of Japan already printing heavily, inflation risks are rising—and if capital flows reverse, US stocks, the dollar, and even emerging markets could feel the hit 💥.
Japan’s financial time bomb isn’t just ticking—it’s echoing across the globe. Are we ready for the fallout? 👀📉
The European Central Bank could cut interest rates more than three times this year and the reductions should not be held back if the US Federal Reserve delays its own cuts, Lithuanian policymaker Gediminas Simkus said today.
The Bank of England said today it would implement a "substantial upgrade programme" to improve its economic forecasting, after a probe found it had "deteriorated significantly" in recent years.
ASDA is making a big change to popular food items and it could divide shoppers' opinions.The supermarket giant has said it will remove use by dates on...
Money markets suggest the Bank of England could raise rates from 1.75% to 2.5% this week, as policymakers try to get to grips with soaring inflation...
The fifth round of Eurofound's e-survey, fielded from 25 March to 2 May 2022, sheds light on the social and economic situation of people across Europe two...
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