That, in a nutshell, is the problem. Central banks are still haunted by the most recent inflation spike, which economists everywhere – myself included – failed to predict.

The Bank of England paused rate cuts at 4.25%, reflecting caution amid weakening UK growth and labor market data. Check out what investors need to know.

The latest inflation data comes on the eve of a Bank of England decision on interest rates when they are expected to be left on hold at 4.25% ...

The EUR/GBP cross trades with mild gains near 0.8625 during the early European session on Thursday. Optimism around the ...

MORTGAGE lenders have been slashing rates, with two-year deals now at the lowest they’ve been in almost three years. The average two-year fixed mortgage currently has an interest rate of ...

MILLIONS of Brits are losing out on hundreds of pounds each by keeping their savings in low-interest “zombie” accounts. More ...

LONDON (Reuters) -British food prices accelerated by the most since March 2024 in June, pushing up overall shop prices rose ...

Retaining the inflation target would remove some uncertainty about the process and reassure market participants about policy ...

BoE’s Alan Taylor warns UK soft landing at risk as slowdown deepens; markets brace for five rate cuts amid rising uncertainty ...

Helen Dickinson, chief executive of the BRC, said: “In the UK, fruit and vegetable prices increased due to the hot, dry weather, reducing harvest yields,” while prices of meat “have been impacted by ...

The head of the European Central Bank said inflation has become more unpredictable due to shocks like the Covid pandemic and ...

The policy remains restrictive and it will continue to be restrictive. Although the level of restrictiveness will come down ...