Good news for those of you who were worried that oil would run out in the next few years. It seems that we’ve all had a stay of execution, as Cambridge Energy Research Associates (CERA) publishes figures that show the supply will not start to decline for at least another 24 years. CERA’s latest...
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The Bank of England raised interest rates by 25 basis points to 5 percent this afternoon. The move was not unexpected as despite recent decrease in oil prices the CPI only eased marginally from 2.5 percent in August to 2.4 percent in September. Worries remained that the broader Retail Price Index (RPI) increased from...
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As the globe spins so does the decision time for central banks about their country’s interest rates. Firs off the post this week was Australia, followed by the UK then the Fed in the USA. Strike one, the Australian Reserve Bank (RBA) increased rates by 25 basis points to 6.25 percent. Nobody was surprised...
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With inflation in the UK running at 2.4 percent the likelihood of the Bank of England increasing interest rates by at least a quarter percent to 5 percent is pretty much on the cards in four days time. Further support for a rate increase came from an unlikely source, the chief economist at the...
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From Investment and Business News OPEC has agreed to cut oil production by 1.2 million barrels a day, and yet the price of oil still fell. Some say it’s because traders don’t expect OPEC members to adhere to the cut. Equally, however, it could be argued that OPEC reduced oil quotas because it knew...
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