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.

ECB Official Sets High Bar for Another Rate Cut; Waller Says Call for Lower Rates Isn't Political By Roshan Fernandez ...

Rachel Reeves has little to celebrate. Borrowing is up, inflation remains high and after a sugar rush at the start of the ...

The UK economy unexpectedly shrank by 0.1% in May, following a 0.3% decline in April, defying forecasts of modest growth and ...

Climate change is an increasing threat to the economy of the UK and around the world, a Bank of England boss has warned.

THE UK economy shrank by more than expected in May, official figures reveal. The Office for National Statistics (ONS) said ...

In June, the ECB slashed borrowing costs for the eighth time in a year, bringing its key deposit rate down by 25 basis points ...

Council staff will get 4% rise this year and 3.5% increase in 2026-27, after union members back improved local government pay ...

A fifth straight decline in initial jobless claims places even more emphasis on Tuesday’s CPI data to vindicate markets' ...

Prices of Treasury debt have settled lower each trading day in July, marking the longest streak of rising yields since mid May, according to the Dow Jones Market Data team. The second-quarter vacancy ...

WASHINGTON — Federal Reserve chief Jerome Powell is sticking to his position that the central bank will keep its key rate on hold while it waits to see how President ...

In a speech at the London School of Economics, Alan Taylor said the key rate should "normalize" at 2.75% if all the shocks that have rocked the U.K. economy over recent years dissipate. At last ...