From Melbourne to Manchester to Miami, people are struggling under the weight of hefty price increases for the things they buy each day.The worst spike in inflation that many advanced […]
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Back to news homeTop Central Bankers Expect More Rate Increases Amid Stubborn Inflation
Central bankers from the world’s leading economies said on Wednesday that while they had raised interest rates significantly, additional increases would very likely be needed to wrestle inflation back under […]
Bank of England Raises Rates More Than Expected, as Inflation Persists
The Bank of England raised interest rates by half a percentage point on Thursday, a larger-than-expected move, as policymakers struggle to bring down Britain’s persistently high rate of inflation.The central […]
U.K. Inflation Remains Stuck at 8.7 Percent
Last month, the central bank warned that many mortgage holders had not experienced the cost of higher interest rates yet. About 1.3 million households are expected to reach the end […]
UK Braces for Higher Interest Rates as Risk of Inflation Grows
Britain on Tuesday received another sign that inflation could painfully linger. The country braced, once again, for higher interest rates as bond yields climbed above the levels when Liz Truss […]
U.K. Inflation Slowed in April, but Remains Stubbornly High
Why It Matters: Food prices are the main inflation concern.The slowdown in inflation was less than the Bank of England’s forecast, which had projected 8.4 percent for April. The inflation […]
Bank of England Raises Interest Rates to 4.5%, Highest Level in 15 Years
The Bank of England raised interest rates on Thursday, its 12th consecutive increase, as Britain’s inflation rate remained stubbornly in the double digits.The central bank also upgraded its economic forecasts […]
U.K. Inflation Dips to 10.1 Percent as Food Prices Remain High
Britain’s inflation rate slowed last month, but is likely to bring only limited relief to households as it stubbornly held in the double digits because of rapidly rising food prices.Consumer […]
U.K. Inflation Swings Upward, to 10.4 Percent
Britain’s inflation rate unexpectedly rose last month, reversing its recent downward trend and potentially undermining expectations that the Bank of England was close to halting interest rate increases.Consumer prices in […]
Bank of England Raises Interest Rates by Half a Point to Curb Inflation
The Bank of England raised interest rates by half a percentage point on Thursday, moderating the pace of increases while Britain braces for a prolonged recession with inflation eating away […]