Stefan Hoops, chief executive of DWS, to join bank’s management board and Fabrizio Campelli appointed deputy CEO
Assessment from MPC adds to sell-off in gilts and prompts traders to increase bets on higher borrowing costs
Until the U.S. and Israel attacked Iran, most analysts had predicted that a slowing economy and growing prospects of easing inflation would allow a rate cut at Thursday’s meeting.
The Bank of England has warned it may have to put up interest rates as it sounded the alarm over Donald Trump's Middle East war driving up inflation and unemployment.
The Bank of England left interest rates unchanged today as war in the Middle East fuelled fears of an energy price inflation shock.
The Bank of England opted to hold interest rates at 3.75 per cent today, with traders now betting on policy makers raising, rather than cutting rates later this year.
UK borrowers face a painful interest rate hike after the latest escalation of war in the Middle East fuelled 'Trumpflation' fears on both sides of the Atlantic.
ONS data for three months to January is unlikely to convince Bank of England to cut interest rates
Wage growth slowed sharply in the three months to January according to …
Jump in oil prices will increase inflationary pressures but weigh on economic activity
The Bank of Japan kept its rates steady at 0.75% as expected, but noted that inflation risks now are tilted to the upside due to the Iran war.