Record number of central banks plan to increase gold holdings amid global volatility June 16, 2026 A record number of central banks are expected to increase their gold holdings over the next 12 months as global volatility continues to rock markets. Nearly 90 per cent of reserve managers anticipate central bank holdings to continue rising in the wake of the precious metal becoming the top reserve asset, overtaking US government treasuries, [...]
Bank of England should hold interest rates, City AM Shadow MPC says June 16, 2026 The Bank of England should hold interest rates as inflation could stay above three per cent for several months, top economists have said. City AM’s Shadow Monetary Policy Committee, a group of leading economists who have provided responses independently of their respective organisations, said interest rates should be kept at 3.75 per cent. Economists warned [...]
What will markets make of the new chair of the Fed? June 16, 2026 Kevin Warsh wants to take us back to a world where the semi-annual Humphrey-Hawkins testimony of the Fed Chair to Congress is effectively the moment where the Monetary Wizard of Oz steps out from behind the curtain to signal the direction for interest rates, says Helen Thomas “I don’t view the Chairman, in his testimony [...]
Bank of England’s Bailey defends bond sale programme June 15, 2026 Andrew Bailey has launched a robust defence of the Bank of England’s controversial bond sale programme, arguing it will provide the firepower for another round of quantitative easing in a market downturn. Writing in The Times, Bailey argued the central bank’s move to hoover up UK government bonds, known as gilts, in the wake of [...]
Interest rates set to be held as inflation to remain ‘elevated’ despite Iran peace deal June 15, 2026 Interest rates are expected to be left unchanged as Bank of England policymakers wait to find out whether the Iran war peace deal holds up. The Bank’s Monetary Policy Committee (MPC) is set to keep interest rates at 3.75 per cent at a decision later this week. Its decision would suggest that the Bank is [...]
House price slump blamed on World Cup and heatwave June 15, 2026 House prices made a surprise drop in June because Brits are too busy watching the World Cup to move home, Rightmove has said. The average UK house price dropped by 0.6 per cent to £376,191 this month, according to the property portal, marking the biggest June fall in 14 years. Rightmove said this “unusual” slump [...]
Inflation expectations at record high in interest rates signal June 12, 2026 Inflation expectations hit a record high in the second quarter of the year, which could rattle Bank of England policymakers and build the case for an interest rate hike. The Bank’s joint survey with Ipsos found that, on average, households believe inflation will rise by 3.9 per cent over the next five years. It was [...]
UK economy falters as deeper damage to growth to come June 12, 2026 The UK economy lost momentum in April, official data has revealed, as the energy price shock from the Iran war took its toll on businesses and consumers. The Office for National Statistics said GDP declined by 0.1 per cent in April. The services sector contracted by 0.2 per cent while manufacturing output did not post [...]
Bancone is a pasta restaurant – just don’t call it Italian June 11, 2026 A new restaurant below the imposing walls of the Bank of England is serving pasta – just don’t call this Italian food. I’m told the rare breed beef and marrowbone pasta is a British dish. Is a restaurant Italian because they serve pasta? As any City worker will know, Bancone’s silken threads are kneaded in the [...]
The Debate: Should we build a data centre on Brick Lane? June 10, 2026 It may be better known for bagels, but times they are a changing. Should we put a data centre on Brick Lane? We hear the case for and against.