The Bank of England's apparent plan of raising interest rates to 5.50% this week but then calling a halt to the rate hiking cycle is tantamount to a mistake, according to a prominent economist.
Read more … →The Bank of England is expected to raise interest rates a further 25 basis points to 5.5% next Thursday but there is "significant scope" to soften guidance as to whether another such hike is warranโฆ
Read more … →The oil price rally is near its limits according to new research that warns "gravity cannot be ignored long term".
Read more … →The demand for labour at UK businesses has fallen sharply in a signal the labour market is cooling, which should allow the Bank of England to press the pause button on its interest rates hiking camโฆ
Read more … →Inflation expectations at UK businesses have turned meaningfully lower according to a regular survey conducted by the Bank of England and the University of Nottingham.
Read more … →Gold prices could defy the signal being sent by bond markets and rise over the coming weeks according to a new assessment from the World Gold Council.
Read more … →The Bank of England's inflation problem is not going to fade as fast as it hopes according to new data that reveals the UK labour market remains strong and consistent with churning out inflation leโฆ
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