Latest in Bank of England Holds Rates as U.K. Inflation Rises Amid Economic Uncertainty
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Bank of England Holds Rates as U.K. Inflation Rises Amid Economic Uncertainty
Stubborn inflation, tax rises and high interest rates make it difficult for many to muster optimism, at least in the short term.The New York Times - 4h -
Bank of England keeps rates on hold as growth prospects dim
Central bank maintains benchmark at 4.75% and highlights risk of persistent inflationFinancial Times - 4h -
Bank of England warns of 'heightened uncertainty' as it keeps interest rates on hold
The U.K.’s central bank has warned about “heightened uncertainty” as it kept interest rates on hold after inflation moved further above target even at a time when the British economy is flatlining ...ABC News - 9h -
Bank of England holds rates but vote split surprises markets
Economists widely expected a rate hold at the December meeting, as policymakers remain concerned with stubborn services inflation and wage growth.CNBC - 9h -
Bank of England holds interest rate at 4.75% but warns of UK stagnation risk
Central bank downgrades growth forecast amid threat from budget fallout, rising inflation and Trump trade tariffs. • Business live – latest updates . The Bank of England has kept UK interest ...The Guardian - 10h -
Yen sinks after BoJ holds rates amid caution over Trump’s impact
Japan’s central bank governor says ‘one more notch’ of information needed to justify raising ratesFinancial Times - 12h -
Bank of Japan holds rates at 0.25%, yen weakens to over four-month low
The decision comes a day after the U.S. Federal Reserve cut rates by 25 basis points, bringing the federal funds rate to 4.25%-4.5%.CNBC - 15h -
Fed cuts interest rate for third time this year as economic uncertainty looms
The Federal Reserve announced a quarter-point cut to its key interest rate Wednesday, an effort to keep stable what appears to be a steady but cooling economy.NBC News - 1d -
Families of hostages endure uncertainty even as hopes rise for a ceasefire in Gaza
A released hostage in Gaza is fighting to save her boyfriend, who remains in captivityABC News - 1d -
UK inflation is up for second month in a row - will prices keep rising?
Inflation has hit its highest level for eight months, will prices continue to rise at a faster rate?BBC News - 1d -
UK inflation increase solidifies expectations interest rates will be kept on hold
Inflation in the U.K. has risen to its highest level since MarchABC News - 1d -
UK inflation rises to 2.6% in November
Figure cements expectations Bank of England will hold interest rates steady on ThursdayFinancial Times - 1d -
UK inflation rises to 2.6% in November, in line with expectations
UK inflation data comes after wage growth quashed any last expectation for a final 2024 rate cut from the Bank of England.CNBC - 1d -
UK inflation hits eight-month high of 2.6%, fuelling calls to hold interest rates
Annual increase in November driven by rising cost of petrol and groceries and hike in tobacco duty in budget. UK inflation data leaves Starmer miles off goal of growth ‘felt in people’s ...The Guardian - 1d -
Inflation Hangs Around, Slowing Rate Cut Pace
The Federal Reserve will likely reduce interest rates fewer times than expected as high prices persist.Inc. - 3d -
Russia braced for mammoth rate hike amid fears it's losing the battle against inflation
Russia's central bank is expected to carry out a mammoth rate hike later this week as inflation continues to soar in the war-focused economy.CNBC - 3d -
Bank of Japan expected to keep rates on hold this week — CNBC survey
The central bank is expected to keep interest rates on hold this week, awaiting clarity on domestic trends and U.S. policy under Trump, a CNBC survey finds.CNBC - 3d -
Economic Data Points to Fed Rate Cut Next Week, and a Cautious 2025
Persistent inflation probably won’t stop a December rate cut, but it could affect the course of monetary policy for the next two years.Inc. - 6d -
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What’s next for banks amid noise around new overdraft-fee cap
Consumer groups applauded the move, but banks said customers could be driven toward more expensive options such as payday loans.MarketWatch - Dec. 12 -
What to know after inflation rises for a second straight month
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss what to know about the prices of products after the Consumer Price Index report for November showed inflation went up for ...CBS News - Dec. 12 -
Swiss National Bank takes leap with 50-basis-point interest rate cut amid franc strength
The Swiss National Bank on Thursday cut its key interest rate by 50 basis points, exceeding expectations of a smaller trim.CNBC - Dec. 12 -
Resource nationalism on the rise amid geopolitical tensions
Businesses face increased risk from protectionism as countries race to secure access to critical minerals, according to new researchFinancial Times - Dec. 12 -
Bowel-cancer rates rising among younger people
Poor diet, obesity, alcohol and smoking may be among the risk factors involved, researchers say.BBC News - Dec. 12 -
Asian stocks rise after US inflation data clears way for rate cut
Currencies strengthen against dollar as investors position for loosening by Federal ReserveFinancial Times - Dec. 12 -
Uncertainty over future of Syrian camp holding women, children linked to ISIS
The al-Hol camp in northeast Syria holds about 6,000 women and children, the family members of Islamic State fighters who were either captured or killed. The camp is guarded by American-backed ...CBS News - Dec. 11 -
Inflation is rising again: Why you should invest in gold now
The right gold investing strategy could pay off now that inflation is ticking back up again. Here's why.CBS News - Dec. 11 -
Inflation remains sticky, with CPI rising 2.7% from a year ago
Inflation has cooled from its most recent peak, but progress in getting it to a 2% annual rate has been slow.CBS News - Dec. 11 -
Annual inflation rate accelerates to 2.7% in November, as expected
The consumer price index was expected to rise 0.3% in November and 2.7% from a year ago.CNBC - Dec. 11 -
India's new central bank governor takes over as economic growth slows and inflation rises
Sanjay Malhotra, a career civil servant, has become India’s new central bank governor at a time when the country’s economic growth is slowing and inflation is surgingABC News - Dec. 11 -
New Koreatowns rise in US amid cleantech boom
The communities are an unintended side-effect of growing South Korean investment in the USFinancial Times - Dec. 10 -
Ghana heads to the polls amid deepening economic crisis
Once one of Africa’s economic powerhouses, Ghana has struggled with a cost-of-living crisis and high inflation. Millions of Ghanaians have headed to the polls in a presidential election after a ...The Guardian - Dec. 7 -
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Consumer sentiment rises in December, so do inflation concerns
Short-term inflation readings hit highest level in six months as Democrats worry higher inflation from tariffsMarketWatch - Dec. 6 -
India's central bank revises down economic growth forecast for 2025, keeps interest rate steady
The Reserve Bank of India has held interest rate steady since February last year, while a sharper-than-anticipated slowdown in India's growth has made RBI's task tougher.CNBC - Dec. 6 -
Childcare bosses fear for future amid rising costs
Costs at one nursery are up 40% in recent years, and it faces an annual shortfall of over £30,000.BBC News - Dec. 6 -
"Pharmacy deserts" on the rise amid U.S. drugstore closures
Across the U.S., at least 7,000 pharmacies have closed since 2019. Of those, roughly half were independent drugstores.CBS News - Dec. 5 -
Inflation threatens Fed rate-cut expectations once again. Here’s why.
With investors looking toward Friday’s November nonfarm-payrolls report, market participants see the potential that it could be overshadowed by an entirely different set of data: next Wednesday’s ...MarketWatch - Dec. 4 -
Australia's third-quarter GDP grows at a slower-than-expected 0.3% amid higher rates and sticky inflation
Australia's economy grew at slower than expected in the third quarter, as elevated borrowing costs and sticky inflation continued to weigh down on the slowing economy.CNBC - Dec. 4 -
Tensions Rise Among Russia’s Elite as Economic Growth Slows
The slowdown is worrying for the Kremlin but not serious enough to significantly hobble its war effort.The New York Times - Dec. 2
