Bank of England’s Greene says she’s ‘not thinking’ about rate cuts despite ‘good news’ on inflation November 16, 2023 A rate-setter at the Bank of England has said that she is "not thinking" about cutting rates despite a sharp fall in inflation yesterday.
Sterling surges to highest level since mid-September as US inflation falls faster than expected November 14, 2023 The pound jumped higher on Tuesday afternoon after new figures showed that US inflation fell faster than expected in October making further rate hikes in the US unlikely.
Global travel inflation easing for first time this year December 6, 2022 For the first time this year travel inflation has eased worldwide, including in Europe. According to data from business travel platform TravelPerk, inflation in the fourth quarter of 2022 went down to -8 per cent from 15 and 3 per cent in the second and third quarter respectively. Overall the price of European flights has [...]
FTSE 100 close: Phoenix helps London markets into the green as investors look to key inflation data November 13, 2023 "There is a little more optimism edging in on markets ahead of key inflation data out this week," Susannah Streeter said.
British businesses most optimistic in over a year but London firms sweat over inflation June 30, 2023 British business optimism has climbed to its highest level in over a year despite consumers retreating in response to rising prices and the Bank of England’s aggressive interest rate rises, a survey out today reveals. UK business confidence climbed nine points to 37 per cent in June, taking it up to its highest level since [...]
Eurozone inflation unexpectedly steady in August but core prices fall giving ECB new headache August 31, 2023 Eurozone inflation held steady this month but underlying price growth fell as expected, a mixed picture that complicates life for the European Central Bank as it weighs the merits of a pause in rate hikes. Overall inflation in the 20 countries sharing the euro was unchanged at 5.3 per cent in August, defying expectations for [...]
Inflation reignites in UK as economy powers further away from feared recession May 4, 2023 Inflation has reignited in the UK, pushed higher by the economy roaring back and emboldening businesses to pass on higher costs to customers via rising prices, a closely watched survey out today unveils. S&P Global and the Chartered Institute of Procurement and Supply’s (PMI) for the country’s services sector climbed sharply to 55.9 points last [...]
Andrew Bailey, Christine Lagarde and Jerome Powell warn inflation fight not yet done June 28, 2023 Andrew Bailey and the cream of the global central banking crop today warned they may need to keep heaping pressure on the global economy before they can declare victory over high inflation. Speaking at the European Central Bank’s (ECB) annual monetary policy conference in Sintra, Portugal, the chiefs of the Bank of England, Federal Reserve [...]
Bank of England staff fed up with ‘rewards’ – despite £25m bonus payouts and inflation botch-job February 9, 2024 Staff at the Bank of England have reportedly taken issue with their salaries, according to an internal survey, as Parliament warns that much bigger pay packages in the private sector could draw away top talent.
Bank of England’s Andrew Bailey ‘optimistic’ that inflation will fall but still ‘too early’ to discuss rate cuts November 8, 2023 Speaking at a conference hosted by the Central Bank of Ireland, Mr Bailey said that Brexit had reduced the openness of the British economy.