Federal Reserve leaves interest rates on hold again as attention turns to Bank of England November 1, 2023 The Fed has kept interest rates on hold for the second time in a row as the central bank's battle against inflation enters a new phase.
Swelling costs triggers highest manufacturer inflation since 1980s October 21, 2021 Manufacturers are hiking prices at the fastest pace in forty years amid a breakdown in supply chains severely squeezing margins. Swelling costs drove 41 per cent of manufacturers to raise their prices over the last quarter, the highest proportion since 1980, research from Confederation for British Industry has found. More to follow.
Yakult: ‘Hostile geopolitical picture’ hurts healthy drink maker May 30, 2024 The UK arm of healthy drink maker Yakult said a "weakening economy influenced by inflation and the general hostile geopolitical picture" impacted its finances during 2023.
Sunak’s budget must navigate the Catch-22 of inflation and recovery October 21, 2021 There have been some pretty bleak backdrops to budget announcements over the years. In March 2008, Alistair Darling faced the daunting task of delivering a budget while the world was in the teeth of the financial crisis. Denis Healy’s April 1979 budget was surely the worst, after the government lost a vote of confidence. The [...]
Shoppers opted for premium products this Christmas as grocery inflation hit 3.5 per cent January 5, 2022 Grocery sales hit £11.7bn over the Christmas period, as shoppers were keen to make the most of the festive period after Covid restrictions hampered celebrations last year. Shoppers spent record amounts on supermarkets’ premium own brand products, with £627m spent on pricier items over the four weeks to 26 December. This was an increase of [...]
Why Goldman Sachs predict ‘earlier and more aggressive’ interest rate cuts from central banks December 18, 2023 Goldman Sachs expects "earlier and more aggressive rate cuts" from central banks after a significant fall in inflation over recent months.
Why central bank moves are pushing more people back to crypto April 24, 2023 The people in charge of the banks appear to have forgotten that inflation is a lagging indicator, says Temple Melville.
FTSE 100 close: London dips as Standard Chartered share price drops sharply October 26, 2023 Inflation across the eurozone has fallen since the ECB raised its deposit rate to a record 4 per cent last month.
Inflation to lift off to five per cent as cost living crisis bites Brits December 9, 2021 Inflation will hit heights not seen since the aftermath of the financial crisis, led higher by swelling household energy bills and rising prices for second-hand cars, according to City analysts. The cost of living will rise to five per cent in October, jumping from 4.2 per cent in the previous month, according to Capital Economics. [...]
Bank of England to hold rates again – but it could signal a summer cut is on the cards May 6, 2024 The Bank of England is set to leave interest rates on hold again on Thursday, but policymakers could signal a willingness to cut rates in the near future if inflation continues to fall.