Bank of England policymakers remained split over whether to raise interest rates immediately, with two members of the nine-strong monetary policy committee (MPC) voting in favour this month.
Raising UK interest rates soon simply isn’t cricket, the Bank of England’s chief economist has declared, in an intervention that swapped the spreadsheet for the Wisden almanac.
The prospects of an interest rate rise in the next few months have dimmed after inflation fell to a five-year low last month.
Inflation has slumped to its lowest rate for five years, hitting 1.2% in September and taking pressure off the Bank of England to raise interest rates in coming months.
Rabobank Groep, the bank fined $974m last year for rigging interest rates, is said to have suspended two London-based foreign-exchange traders after an internal investigation into their dealings.
The Bank of England is to clamp down on insurance companies by subjecting their bosses to tougher scrutiny and forcing them to take steps to bolster their financial strength, Mark Carney has warned.
Fixing the price of gold, oil, and other financial products will become a criminal offence by the end of the year, the government announced on Thursday as it published a consultation on extending rules already introduced for Libor rigging.
This has been an unusual year for the global economy, characterised by a series of unanticipated economic, geopolitical, and market shifts – and the final quarter is likely to be no different.
Inflation is expected to remain below the Bank of England's 2% target when official figures for August are published on Tuesday.
The global economy faces headwinds from a sluggish eurozone and rising political tensions, including the uncertain outcome of Scotland's independence referendum, a leading thinktank has warned.
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.