The Bank of England is anticipated to maintain rates at 5.25% as consumer prices surpass predictions.
FTSE 100 is poised for its highest closing since April
The FTSE 100 is on track to close at its highest level in five months after the surprise drop in inflation last month.
The Bank of England’s interest rate decision teeters following a decline in inflation.
The Bank of England’s (BoE) upcoming decision on whether to increase interest rates for the 15th consecutive time is hanging in the balance, particularly after the unexpected dip in inflation,
The UK interest rates will peak at 5.5pc, Goldman Sachs predicted.
Goldman Sachs has stated that they don’t anticipate the Bank of England to push interest rates beyond 5.5pc, as the financial institution adjusted its predictions for UK borrowing costs downward.
The Bank of England’s Deputy Raises Concerns Over Inflation
The Bank of England’s soon-to-be deputy governor, Sarah Breeden, cautioned that controlling inflation might be more challenging, suggesting a potential need for prolonged elevated interest rates.
U.S. government is on the brink of a shutdown due to an escalating dispute over budget expenditures.
Goldman Sachs has sounded the alarm that the U.S. government might head towards a federal shutdown later this year due to intense disagreements among Republicans regarding substantial spending cuts.
Biden’s restriction on US investments in Chinese technology triggers a decline in Asian stock markets.
Joe Biden has declared a prohibition on US investments into critical high-tech sectors in China, a decision Beijing has labelled as “anti-globalization.”
Despite inflation showing signs of easing, the Bank of England may still increase the interest rate to 5.5%.
The Bank of England is anticipated to implement another interest rate hike at the forthcoming meeting of the Monetary Policy Committee (MPC) next Thursday, although there’s some contention regarding the
The Bank of England will raise interest rates three more times this year
According to economists, the Bank of England is predicted to increase interest rates three additional times this year, due to ongoing high inflation.
Jaguar Land Rover opts for the UK instead of Spain for its battery gigafactory location.
Rishi Sunak has successfully negotiated a deal to establish an electric car battery factory in Somerset, committing £500 million in subsidies to Jaguar Land Rover. The automobile company’s parent company,
UK inflation data will be in focus in the coming week
The upcoming week will place a spotlight on the UK’s inflation figures, after the previous month witnessed a surge in core prices, hitting a peak unseen for 31 years.