Bank of England ups rates
LONDON — The Bank of England increased the key interest rate by 0.25 percent to 0.5 percent on Thursday, the first time since 2004 that it has implemented consecutive rate hikes. Of the …
Bank of England ups rates Read MoreTag: Inflation
UK’s rich and poor face similar inflation – but different economic pain
LONDON (Reuters) -Britain’s rich and poor alike are experiencing surges in inflation, official data showed on Friday, although soaring food and energy prices mean low-income households stand less chance of …
UK’s rich and poor face similar inflation – but different economic pain Read More
GM’s chief economist says U.S. inflation problems will improve
General Motors’ chief economist said Thursday that she believes the country’s inflation problems are only temporary and mostly the result of supply-chain bottlenecks — not last year’s stimulus checks — and that …
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Recovery weakening as inflation worries soar
The BCC’s Quarterly Economic Survey (QES) – the UK’s largest independent survey of business sentiment and a leading indicator of UK GDP growth – has shown the recovery stalled in the fourth quarter, with firms facing …
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Turkey’s economic gamble
Polite descriptions of Turkish President Recep Tayyip Erdoğan’s economic policies go something along the lines of “unorthodox” or “going against the grain.” Put more bluntly, his ideas appear to tap into …
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IMF revives $6BN bailout for Pakistan’s economy
The International Monetary Fund (IMF) said on Monday it had agreed with Pakistan on measures needed to revive a stalled $6bn funding programme for the South Asian country, which faces …
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BoE chief economist hints at rate rise but new Covid variant fuels doubts
The Bank of England appears to have move a step closer towards increasing the cost of borrowing next month after its new chief economist, Huw Pill, said the UK’s recovery from …
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As Virus Cases Rise in Europe, an Economic Toll Returns
Europe’s already fragile economic recovery is at risk of being undermined by a fourth wave of coronavirus infections now dousing the continent, as governments impose increasingly stringent health restrictions that could reduce …
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Researchers caution global economic growth could slide into stagnation
We’ve been living in a time of unprecedented global economic growth. Depressions, recessions and other dips in the economy notwithstanding, the last century has been unlike any other before in …
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The child poverty rate in the U.S. is down
Inflation schminflation. Amid all the bad news about prices going up—to say nothing of supply chain woes, a still-raging delta variant, and climate change havoc—there’s a ray of economic light. …
The child poverty rate in the U.S. is down Read More