UK interest rates will fall ‘gradually’, predicts Bank of England governor; China launches stimulus blitz – business live
Rolling coverage of the latest economic and financial news
Andrew Bailey has also been quizzed about fears in Kent that Brexit border checks will cause disruption in and around Dover.
Bailey tried to swerve committing news about Brexit, but did point out that some small businesses will suffer from disruption.
“I’m a public official, so I don’t take a position on Brexit per se. I have to say if you ask me about the economics of Brexit what I say is what you would expect, and what we have seen, there will be some short-term painful effect on trade.
“But over a longer period of time the compensation for that is that trade will be redirected. But it can be particular impactful on small businesses and for some of them that’s just not viable.”
“We still have to get it sustainably at the target and we have quite an unbalanced mix of components of inflation at the moment. But I’m very encouraged that the path is downwards therefore I do think the path for interest rates will be downwards, gradually.”
Continue reading...Date: | |
Tag: | United Kingdom |
Topics
-
Financial Times - Business
China unleashes stimulus blitz to lift growth
Central bank cuts benchmark rate and unveils support for property and stock markets to boost demand3 hours ago - China -
CBS News - Top stories
Will mortgage interest rates fall further in September?
Mortgage interest rates plunged to a 2-year low this week. But will they drop even further this month?3 days ago - Mortgage -
The New York Times - Business
China Cuts Interest Rates and Mortgage Down Payments
The country’s central bank also freed commercial banks to lend more money in a package of moves aimed at rekindling growth in a stagnant economy.5 hours ago - China -
Financial Times - World
BoJ holds interest rates and upgrades consumption outlook
Central bank forecasts Japanese economy will keep growing at a pace above its potential growth rate3 days ago -
MarketWatch - Business
China’s stock market surges as central bank unleashes biggest stimulus since pandemic
China’s stock market surged the most in more than two years and industrial commodity prices bounced after Beijing on Tuesday unleashed a swathe of stimulus measures.40 minutes ago - China -
The Guardian - World
UK business growth slows as budget uncertainty hits investment plans; German recession ‘baked in’ – business live
Fiscal policy uncertainty ahead of the Autumn Budget is biggest fear for companies, survey finds, while Germany’s malaise continues. Newsflash: Rightmove has said it will “carefully consider” the ...18 hours ago - United Kingdom -
CNBC - Business
Bank of Japan keeps key interest rate steady as it treads cautiously on normalizing policy
The decision came as the central bank seeks to wean its economy off the long-held ultra-easy monetary policy and curb the yen's slide against the U.S. dollar.4 days ago
More from The Guardian
-
The Guardian - World
Middle East crisis live: Israel launches further attacks on Hezbollah after almost 500 killed in Lebanon
Israeli airstrikes on ‘dozens’ of alleged Hezbollah targets comes amid fears tensions could escalate into a wider regional war. Analysis: New military conflict between Israel and Hezbollah would ...24 minutes ago - Israel -
The Guardian - World
China unleashes boldest stimulus in years to boost ailing economy
The People’s Bank of China announces a host of policy support measures but some experts fear they may not be enough. China’s central bank unveiled its strongest suite of economic stimulus measures ...3 hours ago - China -
The Guardian - World
Russia-Ukraine war live: War could be ‘closer to end’ than people think says Zelenskyy
Ukraine president says Vladimir Putin is ‘afraid’ of Ukraine’s Kursk occupation. Russia’s overnight attack on Ukraine’s central Poltava region damaged energy infrastructure which cut power to 20 ...43 minutes ago - Ukraine -
The Guardian - World
Viral South Korean Olympic shooter Kim Yeji scores first acting role – as an assassin
Pistol shooter’s coolness shot her to prominence in Paris Kim will play a killer in upcoming short-form series South Korean pistol shooter Kim Yeji, whose skill and nonchalance won the internet ...8 hours ago - Olympics -
The Guardian - World
Democrats worried about polls undercounting Donald Trump’s support
Prospects of ex-president’s victory could be higher as some Harris supporters unnerved by small lead in swing states. Democrats are increasingly worried that pollsters are undercounting Donald ...12 hours ago - Donald Trump