On the back of bleak economic news for the Eurozone for April, the European Central Bank (ECB) announced yesterday (May 2nd) that it was lowering its benchmark interest rate from 0.75 per cent to the historic low of 0.5 per … Continue reading
Posted in Inflation | Leave a commentThe Bank of England is apparently discussing the ‘extraordinary’ idea of negative interest rates in a bid to boost economic growth after Deputy Governor For Financial Stability, Paul Tucker, told MPs that the Bank could be doing more for the … Continue reading
Posted in Inflation | Leave a commentAccording to data published today (February 12th) by the Office for National Statistics (ONS), the rate of consumer price inflation (CPI) remained the same in January as for the previous four months, at 2.7 per cent. However, the rate of … Continue reading
Posted in Inflation | Leave a commentUK inflation as measured on the consumer prices index (CPI) held at 2.7 per cent for the third consecutive month in December, while producer prices dipped below forecasts, as the predicted utility bills hike was offset by lower fuel costs.
Posted in Inflation | Leave a commentFollowing a three-month consultation, the Office For National Statistics (ONS) has decided to leave the calculation of the retail price index (RPI) unchanged but will create a new index that “meets international standards” to run alongside it.
Posted in Inflation | Leave a comment