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Showing stories tagged #bank of england — clear filter
🌰 Fresh stash
The Bank of England is expected to hold interest rates despite forecasts of rising inflation, while the US Federal Reserve raised rates by 0.25% against President Trump's opposition. Japan's central bank increased rates to a 31-year high of 1.25% to combat global inflation.
🐿️ Squirrels should stash nuts now because rising rates mean higher mortgage costs and better savings returns, so adjust your financial burrow accordingly.
The US Federal Reserve raised interest rates for the first time in three years in a unanimous decision, overruling President Trump's call for a cut. UK wage growth slowed to 3.9% amid an Iran-driven cost of living squeeze, ahead of the Bank of England's next rate decision.
🐿️ The Fed's hike is a bold stash move, but the UK's slowing wage growth suggests the Bank of England might hold off on its own nut-gathering for now.
