Economics Financial News

16.01 / 08:46

economics Bank of England UK Interest rates Office for National Statistics job vacancies UK annual wage growth slows to 6.5% as vacancies continue falling

The estimated number of vacancies in the last quarter of 2023 continued to fall to 934,000 – a 49,000 reduction – marking Q4 2023 as the 18th consecutive quarter of vacancy falls, and the longest consecutive run of quarterly falls ever recorded.

15.01 / 11:53

business economics UK growth Unemployment Demand for UK labour hits lowest level in a decade

Despite pay growth slowing down, the labour market is expected to unwind further with unemployment rising and vacancies decreasing over the year ahead.

12.01 / 09:01

economics UK GDP Chancellor of the Exchequer Neil Birrell Office for National Statistics UK GDP grows 0.3% in November but fails to alleviate 'precarious' economic situation

Overall GDP growth was a reverse of the 0.3% contraction seen in October, bringing UK growth flat over the two consecutive periods.

11.01 / 15:03

economics inflation US inflation Global Market remains bullish on rates cuts despite US inflation uptick

Markets are still predicting the first cut to come from the Fed at its 20 March meeting, with a 61.9% probability, according to the CME FedWatch Tool.

11.01 / 11:47

economics Bank of England UK Treasury Select Committee financial stability Financial BoE's Breeden: 'No evidence' quantitative tightening poses risk to financial stability

Governor Andrew Bailey showed optimism around the economy, restating the need for inflation to get back to the bank's 2% target to maintain financial stability.

09.01 / 13:52

economics UK kpmg Retail Sales British Retail Consortium UK sales growth dips below average in December

The Christmas period failed to 'make amends for a challenging year of sluggish retail sales growth', as consumers held back spending due to weak confidence.

08.01 / 08:31

economics inflation Bank of England UK Interest rates MPC 2024 NOT Former MPC member claims BoE will not be able to cut interest rates in 2024 - reports

'I do not think the Bank will be able [to lower rates] because I do not think inflation will come down much further or much faster. I think we are stuck with a fairly sticky inflation situation,' she said.

05.01 / 15:57

economics US Neil Birrell Premier Miton 'Stronger than expected' US jobs market shakes faith in imminent rates cuts

The BLS noted that employment continued to trend up in government, health care, social assistance and construction, while transportation and warehousing saw dwindling total jobs.

05.01 / 13:13

Europe economics inflation Macroeconomics Neil Birrell Premier Miton Investors Eurozone Eurozone inflation rises to 2.9%

Core inflation dropped from 3.6% to 3.4%, while food inflation also continued to fall, with the increase in prices largely driven by energy base effects in Germany.

05.01 / 11:23

economics US companies Global US economy bankruptcies US bankruptcies surge 18% but remain below pre-pandemic levels

Alongside rising rates and falling pandemic stimulus, 'near historic levels of household debt' were cited as a cause for the spiking bankruptcy rates.

04.01 / 18:58

economics Survey inflation Bank of England UK ING UK businesses forecast sizeable drop in inflationary pressures

Firms expected their output price inflation to fall in the next 12 months by 1.5 percentage points from the 4.4% reported for Q4 2023.

04.01 / 11:59

economics Federal Reserve inflation US Interest rates Fed ING Fed minutes warn rates could remain high 'for some time'

In the minutes from the Federal Open Market Committee last month, the central bank dampened market hope by forecasting only three 25bps cuts throughout the year, while futures markets predict six.

03.01 / 15:11

economics Bank of England UK Interest rates GDP Office for National Statistics UK executives call on Bank of England to cut rates amid sinking confidence in economy - reports

Markets are now expecting up to six 25-basis-point cuts by the end of the year.

02.01 / 12:04

economics inflation UK British Retail Consortium UK grocery inflation unchanged for December breaking declining trend

Food specific inflation was 2.2% of the total figure and decreased to 6.7% year-on-year, down from 7.8% in November.

22.12 / 19:35

economics Asia Interest rates Bank of China China's largest banks cut deposit rates in bid to boost growth

The ‘big four’ reduced their one-year deposit rates by 10bps to 1.45% and three-year rates were cut by 25bps to 1.95%, their lowest levels since 1996.

22.12 / 12:57

economics UK GDP Office for National Statistics Construction UK economy teeters on recession following revised ONS figures

Within the economy, the services sector's output has been revised down from a 0.1% fall to a 0.2% fall over Q3, while the production and construction sectors have been revised upwards, to 0.1% and 0.4% growth, respectively.

21.12 / 12:22

economics UK ONS Office for National Statistics Borrowing government debt Government borrowing comes in higher than expected in November

The fall in borrowing came largely from the end of energy price schemes by the government, the ONS said, but noted that these reductions 'were offset by other inflation-related costs, such as increased benefit payments'.

20.12 / 10:55

economics inflation UK CPI Office for National Statistics UK inflation falls further than expected in November to 3.9%

The fall defied expectations, as economists had forecast inflation to decrease to 4.4% for the month, from 4.6% in October 2023.

19.12 / 18:47

Europe economics inflation ECB Macroeconomics Eurozone fall Euro area inflation edges closer to target in November with fall to 2.4%

Inflation fell in twenty-one EU member states, remained stable in three and rose in three.

19.12 / 18:47

economics inflation Bank of England UK Interest rates monetary policy BoE's newest rate-setter Breeden warns further tightening cannot be ruled out

Sarah Breeden (pictured), the Bank of England's new deputy governor for financial stability.

19.12 / 10:56

economics Interest rates Bank of Japan Yen Bank of Japan holds off on raising negative rates

The Japanese currency fell on the latest announcement from the BoJ and is still down 9.5% this year against the dollar, though it has bounced back from historic lows over the past month on expectations of policy tightening.

what you should know about economics

What is economics and why is it relevant?

Economics is a trending topic that draws public attention. On our site, we regularly publish updates related to this subject.

Where can I find the latest updates on economics?

All latest articles about economics can be found in the special selection. We publish information in a timely manner.

How can I verify the accuracy of information on economics?

We use verified data to ensure that the information about economics is accurate and informative for our readers.