Interest rates and finance

The Bank of England's basic interest rate should be set as high as 10% given the scale of UK inflation, according to a major insurer.

June 24,2022

UK economy recession not inevitable

Barclays says the UK economy will avoid recession, however economists at Berenberg Bank say the UK could already be in the grip of a recession that will last for four quarters.

June 23,2022

Bank of England

Goldman Sachs, Deutsche Bank raise Bank Rate forecasts, but NatWest Markets say they are misreading the Bank of England's guidance.

June 21,2022

Union strikes

Fears of a 1970's-style general strike are rising and if the government and employers eventually yield then the public sector could see a major wage impulse over coming months.

June 20,2022

Wells Fargo

Economists at U.S. bank Wells Fargo say they now see a U.S. recession in 2023 as being more likely than not as the Federal Reserve succeeds in slowing economic growth to the extent inflation declines.

June 17,2022

The Bank of England (BoE) raised its interest rate again this week and gave new guidance that appears to leave everything rested on economic data emerging from the UK in the months ahead, energy prices and the response of companies and households to October’s uplift in the ‘energy price cap.’ 

June 17,2022

Barclays

UK-based lender Barclays have raised their forecast profile for the Bank of England's key interest rate while warning a 50bp hike in August is now likely.

June 17,2022

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