Money market pricing at 11am in London implied just a 5% probability of a bank rate cut at Thursday’s BOE meeting – after registering stronger odds earlier in the week. Bets on an August cut were also cut to around 30%. While 2% inflation is an important milestone – not least as UK politicians set … Read more
Stay informed with free updates Simply log in to the British inflation myFT Digest – delivered straight to your inbox. Inflation has hit Britain’s target of 2 percent for the first time in three years, giving Prime Minister Rishi Sunak a boost in his efforts to turn around his struggling election campaign. The figure means … Read more
UK inflation has eased to 2%, raising the prospect of a rate cut within months. The consumer price index (CPI) The interest rate for the year to May was confirmed by the Office for National Statistics (ONS) on Wednesday. The figure indicates that prices are still rising, but at the slowest pace since July 2021. … Read more
The latest supermarket sector data before the election shows that the pace of price growth is still at its lowest level since October 2021, but more than a fifth of consumers are still struggling to make ends meet. By means of James Sillars, business reporter @SkyNewsBiz Tuesday June 18, 2024 07:59, UK Inflation in the … Read more
Sunday June 16, 2024 3:50 PM Part Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp E-mail Share via email The Monetary Policy Committee (MPC) left the door open to a rate cut in June at its last meeting in May, but since then a number of data … Read more
THOUSANDS of rail customers saw a shock rise in their ticket prices this week after a major train company unexpectedly increased fares. South Western Railway last week increased prices on 522 routes in and out of London after a major disruption prevented prices from rising in line with other train fares in March, The Sun … Read more
Analysis from the Bank of Japan (Japanese Yen). The BoJ is expected to remain on hold, but aggressive bond purchases will be tapered The inflation outlook has improved thanks to recent developments and retail sales are recovering Wage growth picks up in April The analysis in this article uses chart patterns and key support and … Read more
Stay informed with free updates Simply log in to the American inflation myFT Digest – delivered straight to your inbox. U.S. inflation fell to 3.3 percent in May, raising expectations of early rate cuts and boosting the stock market and President Joe Biden. The figures, released Wednesday before Federal Reserve officials were set to outline … Read more
Bank customers are reminded to ‘watch’ the interest rates on their savings accounts. Experts from Moneyfactscompare have put together a list of the best savings accounts for this week. The Bank of England’s base rate has held rates at a 16-year high since it was raised to 5.25 percent last August GB NEWS Rachel Springall, … Read more
The ECB cut rates by 25 basis points, signaling a moderation in monetary policy restrictions. However, Frankfurt has also made an upward revision to its inflation projections, with headline inflation now expected to average 2.5% in 2024 and 2.2% in 2025. ADVERTISEMENT The European Central Bank (ECB) cut interest rates by 25 basis points at … Read more