By: Chris Dorrell

Economics Reporter Chris has been at City AM since January 2023, first as banking reporter and then economics reporter. He covers all things inflation, interest rates and Bank of England.

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Huw Pill says Bank of England needs to ‘maintain restrictive stance’ amid debate about rate cuts

November 9, 2023

Huw Pill's comments today were more hawkish than earlier in the week when he suggested expectations for summer rate cuts were "not unreasonable".
Falling pork prices drags China back into deflation as recovery continues to stumble

November 9, 2023

China's recovery from the Covid lockdowns faced another blow as the economy slipped back into deflation in October.
Bailey warns against fragmenting clearing market as EU pushes on with post-Brexit plans

November 8, 2023

Andrew Bailey, governor of the Bank of England, has warned policymakers against taking steps that would lead to increasing fragmentation in the financial system.
FTSE 100 close: Markets shrug off Bailey’s rate cut comments as M&S soars

November 8, 2023

"The market of course will reach a view it has to reach. So I totally understand that. But we are very clear we’re not talking about that," Bailey said.
Increasing signs of slack in UK’s labour market as firms report growing pool of workers

November 8, 2023

The survey showed that starting salary inflation slipped to a 31-month low, although it remained "sharp".
Weary CFOs head for early retirement as pressure mounts at UK firms

November 8, 2023

Finance chiefs at the UK's largest firms have been turning to an early retirement to escape the mounting pressures of life at the helm of a major listed company.
Boost government investment to break trend of sluggish growth, think tank urges

November 8, 2023

The next government should prioritise long term public investment in order to rekindle sluggish economic growth, a leading think tank has said.
FTSE 100 close: Gilt yields fall and sterling dips after Pill’s rate cut comments

November 7, 2023

The biggest riser on the top index was Primark owner Associated British Foods, which reported revenues up by almost £20bn
Crisis over? Metro Bank deposit outflows stabilise following dramatic fundraise

November 7, 2023

Metro Bank confirmed this morning that deposit outflows have returned back to normal levels after its dramatic fundraise last month.
Bank of England’s Huw Pill says interest rates unlikely to return to zero

November 7, 2023

Interest rates are unlikely to return to the ultra-low levels seen during the 2010s, according to the Bank of England's chief economist Huw Pill.

Trump tells Walmart to ‘eat the tariffs’ instead of raising prices

Do British and Irish Lions rugby stars risk double tax on £100,000 fee?

Italy, Call Me By Your Name style: staying at Luca Guadagnino’s hotel

By: Chris Dorrell

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