The Latest Breaking News from Inflation

Interest rates could rise to 6% as City fears Bank of England losing inflation battle

The picture could get significantly better or worse this week with two key economic events on the calendar

Evening Standard · Jun 19, 2023

Average two-year fixed-rate mortgage tops 6% for first time in 2023

The last time that the average two-year fixed-rate mortgage was 6% or higher was in December 2022, according to figures from Moneyfactscompare.co.uk.

The Independent UK · Jun 19, 2023

Morrisons cuts prices of nearly 50 items as hopes mount of easing food inflation

Tesco boss Ken Murphy said last week there were ‘early signs’ that rampant food price inflation is starting to ease

Evening Standard · Jun 19, 2023

Sunak rules out mortgage support as he urges banks to help struggling homeowners

PM wants banks to offer ‘bespoke support’ – as average two-year fixed-rate mortgage hits 6% and lenders pull deals

The Independent UK · Jun 19, 2023

Average two-year mortgage interest rate hits 6% as Rishi Sunak rules out homeowner help

The average 2-year fixed rate mortgage rate climbed to 6.01% on Monday in a fresh blow to homeowners and first-time buyers

Evening Standard · Jun 19, 2023

Wages are finally rising in Japan, as inflation eats away at consumer gains

Wages are rising in Japan more than they have in decades, at least for some workers

The Independent UK · Jun 19, 2023

Union leaders vow to carry on fight for better wages and working conditions

A year after start of Britain’s biggest wave of industrial action for 30 years, unions say they are are resolute

The Guardian - UK · Jun 19, 2023

Bank Holiday, Housing Data and Other Key Themes to Watch This Week

Last week was a wild week in the market, with the FED confirming a pause in rates the Markets took that as a license to blast off. This combined with a better-than-expected inflation number helped push the S&P 500 back over $440.00.

Barchart · Jun 19, 2023

Starved of funds and vision, struggling universities put NZ’s entire research strategy at risk

The crisis in Aotearoa New Zealand’s university and wider research sector did not happen overnight. While funding shortfalls and sweeping redundancies are now making headlines, the underlying problems have been evident for years.

The Conversation · Jun 19, 2023

Alan Kohler: RBA hasn’t broken its habit of making horribly wrong interest calls

Pessimists fearful of a Reserve-Bank trifecta of runaway inflation, massive unemployment and house-price collapse need to get a grip.

The New Daily · Jun 18, 2023