UK mortgage lending growth is set to more than double in 2025, according to a major economic forecasting group, as inflation eases and the Bank of England is expected to cut interest rates this year.
Consumer prices in France rose 2.4% year-on-year in April, statistics office INSEE said on Wednesday, confirming preliminary data published in late April. The EU-harmonised year-on-year reading was the same as in March. Smaller food and tobacco price rises were recorded in April, with manufactured goods prices inching down compared with the same month last year. However, energy prices accelerated in April and service prices rose at the same rate as in the previous month, INSEE said. (Reporting...
The Producer Price Index (PPI), a key inflation indicator that measures wholesale prices, increased by 0.5% last month in April, higher than the 0.3% Dow Jones estimate.
Bayern Munich’s season ends in yet another defeat. Surprise? Not really. Thomas Tuchel’s lame duck tenure limped to its conclusion on another day where Bayern’s bench was whittled down to the bone — the only senior-team outfield players on hand were Bryan Zaragoza and Noussair Mazraoui, and that is considering many of the XI were already rotation options. For the grand finale, Tuchel opted for a formation rotation again to a back three. That has not panned out well for him in the past — remember...
“I’m optimistic that things are moving in the right direction,” Andrew Bailey, governor of the Bank of England said.
Wall Street stock markets hit record highs as traders increased bets on faster interest rate cuts in the US after data showed inflation and retail sales fell in April.]]>
The People's Bank of China (PBoC) decided to keep its one-year medium-term lending facility (MLF) loan rate at 2.5% on Wednesday.The bank's decision to keep the rate unchanged on 125 billion yuan in o
April's CPI report is one of the most important data points the Federal
Federal Reserve Chair Jerome Powell speaks Tuesday to the Foreign Bankers'
The UK leapt out of recession in the first quarter of this year, with GDP growing by a relatively impressive 0.6 per cent.
Workers’ wages are rising too fast to cut interest rates, the Bank of England’s chief economist has warned.]]>
Prices of food and alcohol have driven overall inflation higher. Food