Bank of England leaves interest rates on hold after August inflation surprise September 21, 2023 The Bank of England hiked interest rates by 25 basis points.
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Government borrows less than official predictions in August thanks to rising tax receipts September 21, 2023 The government borrowed £11.6bn in August, the fourth highest August borrowing figures on record but still lower than official forecasts from the Office for Budget Responsibility (OBR). According to figures from the Office for National Statistics (ONS), higher central government spending meant borrowing was £3.5bn higher than August last year. The only time the government [...]
The Fed holds rates: Now it’s the Bank of England’s time to decide September 21, 2023 The City is split on whether surprise inflation data gives Threadneedle Street cover to pause its rate hike cycle later today
Fed leaves rates on hold – but signals rates could stay higher for longer September 20, 2023 The decision means that the federal funds rate remains at a range of 5.25 per cent and 5.5 per cent, its highest level for 22 years.
Goldman: Bank will likely hold rates after UK inflation surprise September 20, 2023 Goldman Sachs now expects the Bank of England to leave rates on hold tomorrow after this morning's surprise inflation reading.
Interest rates: Will Bank of England hike or hold after inflation surprise? September 20, 2023 Inflation saw a surprise fall in August, complicating the Bank of England's decision to hike or hold interest rates
Surprise fall in inflation leaves Bank of England rates decision on knife-edge September 20, 2023 Inflation fell unexpectedly in August as falling food inflation helped offset rising energy costs, official data out today shows. According to figures from the Office for National Statistics (ONS) the consumer price index (CPI) came in at 6.7 per cent in August, down marginally from 6.8 per cent in July and lower than the roughly [...]
Pay growth slows again even as public sector awards hit record annual levels September 20, 2023 "This month’s data reinforces the XpertHR view that we have reached the peak of higher pay awards, and for the remainder of the year we can expect settlements and increases in pay to slowly begin to fall," Sheila Attwood, XpertHR senior content manager, said.
UK ninth ‘freest country’ in new ranking despite ‘alarming’ declines in key areas September 19, 2023 The UK climbed seven places to rank ninth freest country in the world between 2020 and 2021, despite "alarming" declines in some areas.