Climate change policies are increasingly likely to have an impact on inflation over the next two to three years, a top Bank of England policymaker has warned. Climate change and countries’ different approaches to combat it are likely to boost inflation and
Supermarkets could be heading for a Christmas price war (Image: Getty) In September, the rate stayed at 6.7%, the same as in August, said the Office for National Statistics. But experts are predicting inflation will drop next month. Helen Morrissey, head of
Russia’s Central Bank on Friday raised its key lending rate for the fourth time in half a year in an effort to bring down surging inflation. The bank raised the rate to 15%, up 200 basis points. The interest rate in the
Bank of England Governor Andrew Bailey has been warned not to increase interest rates despite “disappointing” data revealing inflation failed to fall in September in line with expectations. Julian Jessop, Economics Fellow at the free market think tank, the Institute of Economic
Poland’s central bank lowered its key interest rate Wednesday, pointing to a drop in inflation despite a still-high rate of 8.2% last month, raising concerns about the cut being a political move. The National Bank of Poland cut its benchmark rate a
In a nation as famed for its beef, wine, tango and economic mismanagement, the iconoclastic libertarian Javier Milei has sent shivers down the spines of the Argentine left and center-right alike since his surprising first-place showing in last month’s primary elections. Although
Jeremy Hunt claims the UK Treasury is “unlikely” to have any extra headroom for tax cuts as “inflation is stickier” than forecasts suggested. With inflation at 6.8 percent and interest rates at 5.25 percent, the Chancellor says his main priority is bringing
Turkish inflation has skyrocketed following eight months of decline, the latest figures have shown. Inflation reached 58.9 per cent year-on-year in August, the highest since the end of 2022, according to official data published on Monday (September 4). Fuelled by the depreciation
The owner of a convenience store in Buenos Aires, received an updated price list this week from his supplier, revealing a startling 60% surge in the costs of snacks, condiments, sodas, and ice creams since late July. This price adjustment was prompted
Core inflation in Britain remains high meaning that the cost of services and commodities will still bite Britons despite overall inflation falling. Core inflation, which reflects the change in prices of goods and services, except for those from the food and energy