The Bank of England, led by Governor Andrew Bailey, announced a planned gradual reduction in interest rates, despite current inflation levels. With the headline consumer price index at 1.7%, below the 2% target, the focus on core inflation—which excludes volatile…

In light of recent economic indicators, Bank of England governor Andrew Bailey announced a future of gradual interest rate cuts. While the headline Consumer Price Index (CPI) stands at 1.7%, below the 2% target, core inflation presents a more complex…

Interest rates play a crucial role in the economy, determining the cost of borrowing and the returns on savings. The Bank of England sets the base rate, influencing loans like mortgages and savings account interest. To combat high inflation, the…

The European Central Bank (ECB) has announced the conclusion of its public asset purchase program by July, as it seeks to combat soaring inflation exacerbated by the war in Ukraine. President Christine Lagarde indicated that the ECB will raise interest…