The Bank of England issued its quarterly inflation report this morning and indicated that inflation may turn towards its target faster than predicted in its last report in August. Figures released show that the CPI is running at 2.4 percent, slightly lower than expected, but still 20 percent above the Bank’s set target. The...
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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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Stocks plunged across the globe on the news that the Democrats had gained control of the House of Representatives for the first time in twelve years.The markets were worried by the sentiment that the new power balance would be less business friendly and would slow the pace of legislation. In general the results have...
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Today we continue with our pick of media analysis of interest rates in the UK. Failing a complete shock the rates are expected to rise 25 basis points to 5 percent this week. As we outlined yesterday, the Reserve Bank of Australia increased rates to 6.25 percent with strong hints that this will not...
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