Economics
UK Consumer Confidence Hits Three-month High But Remains Negative
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UK consumer confidence rose to a three-month high in December, with GfK’s overall index score showing a “modest im... Read more
IMF Chief Warns Central Banks Against 'premature' Interest Rate Cuts - Reports
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The managing director of the International Monetary Fund has urged central banks not to relax their fight against infl... Read more
European Central Bank Holds Interest Rates Steady At 4%
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The European Central Bank has said it will keep interest rates unchanged, the second hold since it began its unprecede... Read more
Bank Of England Meets Expectations As Rates Held At 5.25%
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The Bank of England has held interest rates at 5.25% in a 6-3 decision, while reasserting that its monetary policy sta... Read more
US Economy Beats Expectations With 199,000 Jobs Added In November
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The US economy added 199,000 new jobs in November, exceeding market expectations of 180,000. Read more
Bank Of England Warns Of Private Credit Vulnerability In Higher Rates Environment
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The Bank of England has issued a stark warning over the risks posed by private credit and leveraged finance to financi... Read more
Deep Dive: Did Central Banks Get It Right In 2023?
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With inflation falling and interest rates on hold, Investment Week asked experts if central banks had made the right c... Read more
BoE's Greene: Monetary Policy Will Need To Be Restrictive 'for An Extended Period'
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The Bank of England’s newest Monetary Policy Committee member Megan Greene said monetary policy will need to be rest... Read more
Eurozone Inflation Drops To 2.4%
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Inflation in the eurozone is expected to drop to 2.4% in November 2023, according to the latest data from Eurostat. Read more
US Revises Strong Q3 GDP Numbers Upwards To 5.2%
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The US Bureau of Economic Analysis has revised its already strong GDP estimates for the third quarter upwards, raising... Read more
Jeremy Hunt Disbands Economic Advisory Council After A Year
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Chancellor Jeremy Hunt is “standing down” the Economic Advisory Council, just over a year after it was first estab... Read more
Autumn Statement 23: GDP Forecasts 'slashed' As Inflation Expectations Climb
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The Office for Budget Responsibility has revised down the UK’s GDP growth forecasts and revised up its inflation pre... Read more
Autumn Statement 23: LTAFs To Be Included In ISAs Amid Sweeping Regime Overhaul
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Chancellor Jeremy Hunt has revealed the government will simplify the Individual Savings Account regime to make it easi... Read more
Autumn Statement 23: UK Growth Forecasts Face Significant Downgrade
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The UK economy is set to grow far less than predicted in the Spring Budget in March, Chancellor Jeremy Hunt has reveal... Read more
Daniel Loeb's Third Point Sees 'most Attractive' Credit Opportunity Since 2020
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Third Point chief executive and chief investment officer Daniel Loeb has argued the current opportunity set in credit ... Read more
Bank Of England Begins Bond Market Stress Test
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The Bank of England has asked a group of more than 50 financial institutions to model the impact of a sharp rise in co... Read more
UK Dodges Recession With Surprise 0.2% September Growth
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UK GDP grew 0.2% throughout September, dodging an expected recession as Q3 posted no estimated growth between July and... Read more
BoE's Huw Pill: Economic Slowdown Will Require Softer Monetary Policy - Reports
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Bank of England chief economist Huw Pill has said the central bank may need to soften its monetary policy in the event... Read more
Andrew Bailey Warns Of Risks To World Economy Posed By 'fragmentation'
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Bank of England governor Andrew Bailey has warned of the risks posed by “fragmentation” to the world economy, and ... Read more
US Economy 'finally Showing Signs Of Cracks' With Lacklustre October Jobs Numbers
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The US economy is has ended its run of strong employment results as growth slumps throughout October. Read more