Inflation will rise again this year, says Bank of England as markets tip interest rate hike in autumn

The Bank of England held interest rates at 3.75 per cent today, despite fears that the recent spike in energy prices could prompt another inflation shock.

Although UK inflation fell in June, the Bank of England held interest rates steady as renewed conflict in the Middle East and volatile energy prices clouded the outlook.

The Bank of England on Thursday held U.K. interest rates steady at 3.75%, in line with economists' expectations.

Split vote comes as Iran war is rekindled and oil price climbs back above $90 a barrel The Bank of England has kept UK interest rates on hold as fears mount over rising inflation triggered by the Iran war. Against a volatile backdrop in the Middle East conflict, the Bank’s monetary policy committee voted to keep its ke

I realise the World Cup is over and, more to the point, no-one particularly wants to hear any more about the Argentinian football team, but indulge me for a moment

Bank of England set to hold UK interest rates amid inflation fears  The Times

The Bank of England could today roll the pitch for a series of interest rate hikes this year after price shocks triggered by the war in Iran rippled through the global economy in the past quarter, City analysts have predicted. Analysts across financial firms in the City are expecting the Bank to leave interest rates…

It would be the fifth hold in a row, with the Bank rate standing at 3.75% - the lowest since February 2023.

Warsh’s Posture on Interest Rates Sparks Market Inflation Fears  WSJ

Australia's inflation rate has eased more than expected, reducing the chance of an interest rate hike in August.

Australia's inflation rate has eased more than expected, reducing the chance of an interest rate hike in August.

Today’s inflation figures showed inflation pressures have eased, just a day after the Reserve Bank of Australia (RBA) warned inflation was still too high. The Australian Bureau of Statistics reported the consumer price index (CPI) rose 3.8% in the year to June, down from 4.0% in the year to May. The RBA’s preferred mea

Market warning signals flare again as tech, inflation fears intensify  Reuters

Economy · Colombia Key Facts —The reading. Colombia’s annual inflation reached 6.14% in June, a two-year high and above every analyst forecast. —The rate. The figure landed just over a week after the central bank raised its benchmark interest rate to 12%. —The hike. Banco de la República lifted the rate by 75 basis poi

Consumer inflation has undershot expectations for three successive months