The inflation situation faced by the Bank of England (BoE) is in one way potentially a sign of things to come for the European Central Bank (BoJ) and any other central banks presiding over monetary frameworks where the transmission of interest rate changes into the real economy is slower than it is in the UK.
June 23,2023
UK retail sales unexpectedly rose by 0.3% in May according to ONS data released ahead of the weekend.
June 23,2023
The Bank of England has had a "crossing the rubicon" moment and will hike interest rates by a further 100 basis points before the year is done says NatWest Markets.
June 22,2023
By the end of 2023 more than a million households (4% of all UK households) will run out of savings as a result of higher UK interest rates according to research from the NIER.
June 22,2023
The current "shocking decline in the money supply" is being ignored by central bankers, and this could yet result in "financial collapse" warns Albert Edwards, Co-head of Global Strategy at Société Générale.
June 22,2023
Homeowners in the UK are facing increased financial strain as the interest rates on standard two-year fixed mortgage deals have surpassed 6% for the first time since December of last year.
June 22,2023
Pound Sterling was swamped with widespread losses as currency and interest rate markets responded to a further increase in one of the UK's most important measures of inflation barely more than a day out from the latest Bank of England (BoE) policy decision, leading to a wave of forecast changes among analysts and economists.
June 22,2023
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