Another interest rate rise by the Bank of England at midday will accelerate the UK on a course which will sink the economy, Reform UK’s Richard Tice has warned today. With interest rates expected to go up, Mr Tice has made a
The Bank of Canada discussed delaying a hike to its key overnight rate at the last meeting before deciding on a raise to ensure progress in dampening inflation did not stall, according to minutes published on Wednesday. The bank announced a 25
Uruguay’s suicide rate has reached 23.3 deaths per 100,000 people, a record high. Uruguay is an outlier in the Americas, with a rate roughly two-and-a-half times greater than the average nine per 100,000. Experts blame the figure on the COVID-19 pandemic, as
German inflation unexpectedly jumped in June as consumer prices rose by a higher-than-anticipated 6.8 per cent on the year in June, whereas analysts had expected an increase of 6.7 per cent. By comparison, in neighbouring countries in Europe, inflation fell sharply in
Bank of England governor Andrew Bailey has hinted that interest rates may remain higher for longer because of inflation. Mr Bailey, speaking at a conference in Portugal, said: “The market, I don’t think, thinks we’re nearly done at the moment. They’ve got
The Turkish lira has sunk to a new low just a day after the country nearly doubled its main interest rate, reversing one of President Recep Tayyip Erdogan’s unorthodox economic policies. Experts have warned that they expect the lira to “continue tanking”
Turkey’s central bank delivered a large interest rate hike on Thursday by raising its key rate by 6.5 percentage points, boosting it to 15 percent. The increase is a significant jump from the current 8.5 percent and is the first since March 2021.
Nigel Farage insisted a Brexiteer should have been made governor of the Bank of England as he hit out at Andrew Bailey over interest rate hikes. The politician-turned-broadcaster claimed the “economic incompetence with which this country is now being led beggars belief”.
The Bank of England has “lost its grip” on inflation and is “piling more misery” on borrowers, an estate agent boss has said. Britain’s central bank raised its interest rate to five percent in its 13th rise in a row amid mounting calls for the
Soaring mortgage rates will hit households harder than they did in the 1980s, when many homeowners were plunged into negative equity, according to financial experts. Many of those with mortgages have already seen massive hikes in their repayments, while others are bracing