High energy prices will make it ‘harder’ to avoid interest rate hike – Bailey
The governor of the Bank of England has said high energy prices will make it “harder” to maintain…
Global rate-hike cycle expected to be muted
FRANKFURT: The prospect of a new global interest rate-tightening cycle is coming into view as some of the…
Bank set to hold interest rates but ‘needs to be ready’ to act on inflation
The Bank of England is expected to keep interest rates unchanged for the sixth time this year, but…
Food Inflation Jumps as Higher Energy Costs Hit UK Retailers
Shop price inflation has hit a two-year high and is set to climb through the autumn as a…
Rationing and work closures – what happens if the UK runs out of gas
The UK is heading into winter with the lowest level of gas stores since records began, prompting fears…
UK Inflation Set to Rebound as Energy Bills Surge
Rising energy prices are poised to send UK inflation rearing back up, as economists warn that the summer…
US wholesale inflation slowed more than expected in July
Businesses’ costs aren’t rising as fast as they have been in recent months, an indication that price hikes…
PPI wholesale inflation falls 0.3% in June thanks to lower gas prices
Wholesale inflation dipped in June, the Bureau of Labor Statistics reported Wednesday, with the Producer Price Index for…
Central bank trims borrowing costs to 2022 low, sees room for further rate cuts
The Bank of Israel on Monday decided to lower interest rates, following the US deal with Iran, eased…
Türkiye says disinflation back on track as June price growth eases
Türkiye’s annual inflation cooled in June after two months of faster price growth linked to the fallout from…
Energy bills to stay high until end of 2027
Millions of households are set to see their energy bills rise due to the Middle East conflict after…
Britain’s Energy Crisis Is Driving Manufacturing Offshore
The UK risks a major wave of deindustrialization and widespread factory closures unless the government expands emergency relief…