Published by Promoting Economic Pluralism
The European Central Bank (ECB) has cut borrowing costs for the third time this year, lowering its benchmark interest rate from 3.5% to 3.25%. The decision to cut rates by a quarter …
European Central Bank cuts key interest rate to 3.25% Read More
In an EU first, French company Gourmey has requested a pre-market authorisation for lab-grown foie gras in the 27-member bloc amid a heated debate among European governments over food innovation. …
Bank of England cuts interest rates for first time in more than four years Read More
LONDON, June 21 (Reuters) – Once seen as hostile to banks, Britain’s Labour has courted lenders in recent years as it attempts to gain power, yet some of the left-leaning …
Consumer-focused lending under Labour could dent UK bank profits Read More
Blair Fix puts interest rates to the test in the treatment of inflation and raises a laugh. Advances in science almost invariably arise from questioning received wisdom — taking ideas …
Fighting inflation with flat-earth monetary policy Read More
Everyone with a mortgage in London—and the rest of the UK—woke today (May 11) to the unwelcome news that interest rates, and therefore the cost of paying for their homes, are likely …
The super-rich are gobbling up prime London properties at a rate not seen since Brexit Read More
The Bank of Japan has maintained ultra-low interest rates and dovish policy guidance as it seeks to reassure markets that it will continue to swim against a global tide of …
Bank of Japan keeps ultra-low rates despite US Fed tightening Read More
FRANKFURT, Germany — The European Central Bank is expected to frontload a series of rate hikes and sacrifice growth in the region due to the rising cost of living which …
European Central Bank could unleash a jumbo rate hike as the economy slides toward recession Read More
The pound sterling dropped on Thursday after the Bank of England upped interest rates by the biggest increase in 27 years. At the same time it delivered the rise in …
UK central bank raises interest rate, warns of recession Read More
LONDON, June 29 (Reuters) – Britain’s economy is struggling under the strain of two major risks in the form of double-digit inflation and a possible recession, leaving the Bank of …
UK economy faces double threat of inflation surge, recession risk Read More
The Bank of England has raised interest rates for the fifth time in a row to 1.25% and set the scene to act more “forcefully” ahead because of a mounting …
Fifth consecutive hike as interest rate raised to 1.25% by Bank of England Read More