Tag: Interest rate

Economy and Trading

UK Economy Shows Modest Growth in August as Manufacturing Rebounds

The UK economy reportedly grew by 0.1% in August following July’s stagnation, according to official figures. The modest expansion keeps the country positioned among the fastest-growing major economies this year as the chancellor prepares for November’s crucial budget announcement.

UK Economy Records Modest Growth in August

The United Kingdom economy expanded by 0.1% in August, according to official figures released by the Office for National Statistics. This modest growth follows a period of stagnation in July and comes at a crucial time for Chancellor Rachel Reeves ahead of next month’s budget announcement.

by Ortega Rafael
Economy and TradingPolicy

IMF Urges Bank of England Caution on Rate Cuts Amid Inflation Concerns

The International Monetary Fund has cautioned the Bank of England against premature interest rate cuts as Britain faces persistent inflation pressures. IMF chief economist Pierre-Olivier Gourinchas emphasized the need for careful monetary policy amid rising inflation expectations.

The International Monetary Fund has delivered a stark warning to the Bank of England, urging extreme caution regarding future interest rate decisions as the United Kingdom battles the highest inflation among G7 economies. In a significant intervention, IMF chief economist Pierre-Olivier Gourinchas emphasized that Britain’s central bank must maintain a careful approach to monetary easing despite growing pressure for relief from high borrowing costs.

IMF’s Direct Warning to UK Monetary Authorities

by Ortega Rafael