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.
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.
Bank of England target never been further out of reach as inflation accelerates to 30-year high January 19, 2022 The Bank of England has never been further away from its legal inflation target, revealed official figures released today. Spiralling inflation has heaped further criticism on the Bank’s decision to keep rates at record lows while UK inflation was taking off after the country emerged from the most onerous Covid-19 restrictions. The cost of living [...]
Brits’ living standards eroded by inflation spike casting doubt over economic recovery’s strength January 18, 2022 An inflation squeeze that is choking Brits’ pay packets is threatening to throttle the consumer led recovery. Brits’ take home pay is being corroded by the cost of living spiralling to the highest rate in recent history, revealed figures published yesterday by the Office for National Statistics. The damning data comes as the City braces [...]
Stateside inflation climbs to four decade high dialling up pressure on US Fed to go further and faster February 10, 2022 Stateside inflation is running at its hottest rate since the early 1980s, piling even more pressure on the US Federal Reserve to launch a stauncher and faster rate hike cycle. Prices in the US are 7.5 per cent higher than they were a year ago in January, according to fresh figures published today by the [...]
ITM Power to enter US market in blow to UK’s green hydrogen ambitions October 16, 2023 ITM Power has announced plans to enter the US market, enticed by the vast subsidies offered under the country's Inflation Reduction Act.
Bank of England should ‘loosen its grip on growth’ as labour market slack grows April 8, 2024 Starting salary inflation for permanent roles increased at its weakest rate in over three years, according to KPMG and the Recruitment and Employment Confederation's (REC) report on jobs.
UK inflation drops to two per cent in July August 18, 2021 Inflation in the UK dropped in July, driven by sharp falls in prices for clothing and footwear as retailers sought to stimulate demand by slashing prices amid the traditional summer sale season, according to official figures released today. The Office for National Statistics said prices rose two per cent over the last year, down from [...]
Jeremy Hunt defends spending ‘cuts’ as Reeves slams fiscal drag impact November 23, 2023 UK Chancellor Jeremy Hunt Chancellor has denied his decision not to increase public spending in line with inflation will result in worse public services.