Shadow MPC Urges Bank of England to Hold Interest Rates
City AM's Shadow Monetary Policy Committee has voted 7-2 to recommend the Bank of England maintains interest rates at 3.75%, citing persistent inflation and insufficient evidence for cuts.
City AM's Shadow Monetary Policy Committee has voted 7-2 to recommend the Bank of England maintains interest rates at 3.75%, citing persistent inflation and insufficient evidence for cuts.
The Reserve Bank of Australia's decision to raise interest rates appears influenced more by market speculation than concrete economic indicators, with unemployment figures triggering the shift.
Greg Jericho criticises the Reserve Bank of Australia's interest rate rise to 3.85% as 'cowardly', analysing the impact on homeowners and the economy.
Reserve Bank Governor Michele Bullock highlights a 20-25% price increase over recent years, impacting Australians amid a cost-of-living crisis and rate hikes.
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RecommendedExplore the real story of the 1637 tulip bubble in the Dutch Golden Age, separating fact from fiction about this iconic financial event and its lasting legacy.
The Reserve Bank of Australia increased the cash rate to 3.85%, ending a brief rate-cutting cycle as mortgage holders face higher repayments due to unexpected inflation pressures.
EY forecasts UK GDP growth of 0.9% in 2026, down from 1.4% in 2025, due to tax increases and global trade tensions, with investment expected to fall before a 2027 rebound.
As the RBA meets, most experts predict a rate hike, but some warn it could derail Australia's fragile economic recovery and ignore moderating inflation trends.
A record potato harvest in Germany has led to a 4,000-tonne surplus, triggering a massive free distribution across Berlin, from zoos to soup kitchens, as residents embrace the unexpected bounty.
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RecommendedThe Bank of England is set to maintain interest rates at 3.75% next week as policymakers battle sticky inflation, with economists debating the timing of future cuts.
Donald Trump has nominated former Fed governor Kevin Warsh to chair the Federal Reserve, replacing Jerome Powell amid tensions over monetary policy and central bank independence.
Donald Trump selects former Federal Reserve governor Kevin Warsh to replace Jerome Powell as chair of the US central bank, marking a significant shift in monetary policy leadership.
The US Federal Reserve has maintained interest rates at 3.5%-3.75% despite pressure from Donald Trump to cut them, citing solid economic expansion and inflation concerns.
The US Federal Reserve paused interest rate cuts, keeping rates at 3.5%-3.75%, despite intense pressure from the Trump administration and a criminal investigation into Chair Jerome Powell.
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RecommendedAnalysis suggests the Reserve Bank of Australia should resist market pressure for a rate rise, as recent inflation spikes are driven by volatile holiday and energy costs, not underlying economic trends.
The US dollar's dramatic decline continues with no end in sight, driven by Trump policies and market fears. Explore the global ramifications and specific implications for UK travellers, businesses, and investors.
Experts clash over whether Britain's traditional pessimism is a cultural strength or an economic liability, examining confidence, investment, and policy trade-offs.
Australia's annual inflation rate accelerated to 3.8% in December, driven by soaring housing and electricity costs, increasing pressure on the Reserve Bank to raise interest rates.
The Australian dollar has outperformed all major currencies in 2026, reaching multi-year highs against the US dollar, euro, and yen, benefiting travellers and online shoppers.
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RecommendedNew BRC data reveals food price inflation is accelerating, with fresh food up 4.4%, contradicting predictions of easing inflation and adding to cost-of-living pressures.
New research shows Brighton tops UK cities for disposable income growth at 8.1%, while Cambridge experiences a 3% decline. Economic policies on skills and transport are key factors.
New research from Morgan Stanley shows UK businesses report net job losses due to AI, with 8% reduction - the highest among leading economies. Despite productivity gains, job creation lags behind.
A new study reveals 11 UK towns and cities, including Warrington and Barnsley, have doubled disposable income growth compared to national averages through strategic economic policies.
Warrington in Cheshire has seen incomes rise twice as fast as the UK average, driven by transport links and a booming nuclear sector, positioning it as a model for regional devolution.
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RecommendedLeading German economists call for repatriation of €164bn gold reserves from US vaults, citing Trump's unpredictability and shifting transatlantic relations.
Investigative reporter Oliver Bullough exposes how central banks profit from printing cash used in drug trafficking and money laundering, despite declining public use.
Bank of England policymaker Megan Greene warns robust UK wage growth and potential US rate cuts could restrict the central bank's ability to lower interest rates this year, amid persistent inflation pressures.
The World Economic Forum concludes in Davos with global economy discussions featuring Lagarde, Georgieva, and Okonjo-Iweala, amid warnings on trust and tariffs.
GfK survey reveals consumer confidence rose slightly in January, with Britons showing resilience in personal finances but growing concerns about the general economy.
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RecommendedAnalysis of Donald Trump's economic proposals during his second term, revealing incoherent policies that have failed to address cost of living concerns despite bold campaign promises.