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Inflation
Bank of England Governor welcomes “good news” on inflation
The Bank of England governor has welcomed the "good news" about inflation but warned that it will not cut rates immediately if, as expected, prices fall to just 2 percent this spring.
Andrew Bailey responded to figures that showed the…
China exports deflation around the globe as its economy falls apart
Global investors expect falling prices in China to push down inflation rates worldwide this year, as excess capacity in its slowing economy prompts Chinese exporters to cut prices on goods they sell abroad.
Prices of Chinese exports have…
China’s rising prices create uncertainty amid the property crisis
The pace of inflation in China is the lowest since the financial crisis. This has led to concerns about the weakening demand in the second largest economy in the world.
According to the National Bureau of Statistics, China's consumer…
Primark boss warns of high inflation
Inflation in the UK will not return to levels seen before Russia's invasion of Ukraine because of rising wages, a senior executive at Associated British Foods has said.
Eoin Tonge, finance director at the food-to-fashion group that owns…
Paul Smith’s Fashion Empire Posts Loss for Fourth Year Running
Paul Smith's fashion company has warned about the impact of inflation after recording a fourth consecutive loss.
The 77-year-old designer's firm said that sales in its global business increased by 7.7pc, to £212.5m, compared to a year…
In 2024, the UK will cut its spending on affordable housing.
In response to budgetary pressures, housing associations in England cut their spending plans on new affordable homes for 2024. This could worsen the acute shortage of social houses in the UK.
According to Centrus, an adviser who works…
Inflation in the UK falls to 3.9% by November
UK inflation slowed sharply in November to 3.9 per cent, triggering a slide in the pound, a stock market rally and increased expectations of an interest-rate cut early next year.
Wednesday's number was well below the 4.4 per cent…
The rise in US core inflation highlights persistent price pressures
US core inflation increased last month. This supports the argument of the US Federal Reserve, that interest rates could need to be held for several months.
The US core price index rose by 0.3 percent in November. However, the core rate…
Investors warn that the Bank of England is lagging behind its peers in combating inflation.
Investors have warned that the Bank of England is facing a stubborn inflation problem which may prevent it from reducing interest rates as dramatically as its peers next year. The central bank is preparing for its final policy session of…
Andrew Bailey says that Britain’s outlook for growth is the ‘worst’ he’s…
Andrew Bailey said that the economic outlook is the worst of all times, and Britain is struggling to increase low levels in growth.
The Bank of England Governor expressed concern over UK future prospects, just days after the Office for…