Policymakers at the Bank of England will reduce their number of interest rate decisions to eight a year from 12 as part of a radical overhaul of processes at the 320-year old institution.
A Bank of England policymaker has argued that pay growth may be at a “turning point”, strengthening the case for higher interest rates.
The Bank of England has warned half a million families would be at risk of falling into mortgage arrears once it started to raise interest rates from their emergency level of 0.5%.
The UK’s first interest rate rise will come no earlier than July next year but probably by the end of September, according to economists polled by Reuters.
A $3.2bn Goldman Sachs hedge fund that pools some of the firm’s best ideas declined 5.6% last month as a bet on the direction of U.S. interest rates went wrong, two people with knowledge of the matter said.
Is that it ? Did the long-awaited rise in living standards last just the six days between the news that earnings had edged up to 1.3% and the latest data from the Office for National Statistics showing that the annual inflation rate has risen to exactly the same level?
Japanese policymakers have revealed surprise plans to pump more stimulus into the economy, triggering widespread cheer among international investors.
Investors should expect more volatility and long-term low interest rates in the post-QE world, Cantor Fitzgerald and BGC partners CEO Howard Lutnick said.
The largest financial stimulus program in the history of the United States has ended. Now the really interesting chapter of the American economy begins.
The Bank of England's governor, Mark Carney, has warned trade union members that they face higher interest rates next spring before they receive rises in real wages.
The global economy is divided at the moment into the good, the bad and the ugly. Two of the most populous nations can claim to be good.