Yahoo News Explained: What is core inflation and what it says about the state of the European economy
Core inflation attempts to give a more precise picture of the health of the economy and people's purchasing power.
Core inflation attempts to give a more precise picture of the health of the economy and people's purchasing power.
Experts have warned the rate rise will impact pensioners don’t own their home outright.
Average house price last month was £258,297
The Bank of England has sounded the alarm over a worsening crisis in the rental market as high taxes and red tape forces landlords to sell up.
Yes, there's math. No, it's not that hard.
Rising interest rates are good news for savers, who until recently earned next to nothing on money sitting in their bank accounts.
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The UK bank put by £321 million for bad debts in 2022, including a further £65 million in the fourth quarter ahead of a likely recession.
Asset managers, hedge funds and banks on Thursday called on the European Union to properly cost its plans to force market participants to shift derivatives clearing business from London to mandatory accounts in the bloc. London Stock Exchange Group's LCH and ICE in London have long dominated parts of the euro derivatives market, but the EU wants direct say over this activity measured in trillions of euros to ensure financial stability after Britain's departure from the EU. The cross-industry call in a joint statement said the proposals to bolster euro denominated derivatives clearing in the EU would damage the bloc's capital market.
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The British pound has fallen rather hard during the trading session on Friday, as the Non-Farm Payroll numbers came out at over 500,000 in the United States.
The combination of a hawkish Fed and a resurgence in inflation suggests a hard economic landing is still in the cards later this year, BofA said.
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The Department of Finance said that it is one of the highest per capita debt burdens in the world.
Bank of England’s tenth interest rates rise in row will impact homeowners and house buying hopefuls
U.S. stocks tumbled Friday after government employment data showed more than half a million jobs were added in January — throwing a wrench in hopes for a pause on rate increases — while subpar earnings results from Big Tech giants weighed on investor sentiment.
The Bank of England announced another “forceful” increase in interest rates Thursday, saying it was too soon to declare victory against inflation that has slowed slightly but is still fueling a cost-of-living crisis, public-sector strikes and fears of recession. The bank raised its key rate by half a percentage point, to 4%, resisting the temptation to follow the U.S. Federal Reserve in easing its response to the crisis. The British central bank has approved four straight increases of a half-point or more since Russia’s invasion of Ukraine triggered sharp rises in food and energy prices.
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Inflation is in double digits, interest rates have risen for the tenth consecutive time and British enterprise is struggling to keep pace.
Former UK PM’s brother quits board of Elara Capital days after it was accused of using funds to manipulate share prices
The Reserve Bank of India's likely absence in the forward market in the wake of the rupee's decline past 82 per dollar has halted the uptrend in forward premiums, analysts said on Friday. The fall in the premiums, which are a function of the interest rate differentials between the United States and India, has come despite a decline in Treasury yields following the Federal Reserve policy outcome.