by Jonathan Cook | Mar 20, 2024
The Bank of England will be watching all of the UK economic data like hawks, but the one that cuts through most to the public is generally inflation. Policymakers have held on against pressure to loosen interest rates up to now, but how much longer they can last will...
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by Jonathan Cook | Mar 20, 2024
UK inflation fell to an annualised 3.4% in February, below market expectations of 3.5% and well under last month’s 4%. The Consumer Price Index (CPI) is now running at its lowest rate since September 2021 after a steep decline in food prices. The data arrives just in...
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by Julian Benson | Mar 19, 2024
The pound held its ground against major currencies yesterday ahead of key economic data expected to come later this week. Tomorrow morning, UK inflation is forecast to fall to 3.5%, after two months of no movement. Should the rate reduce, it signals that the Bank of...
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by Julian Benson | Mar 19, 2024
The dollar index is hovering around its highest levels in two weeks ahead of the Fed’s interest rate decision on Thursday. While investors widely expect the central bank to hold rates steady this week, they will be focused on any hints about the scale and timing...
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by Julian Benson | Mar 19, 2024
The consumer price inflation rate in the euro area was confirmed at 2.6% year-on-year in February 2024, the lowest rate in three months but exceeding the European Central Bank’s 2.0% target.
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