Full list of benefits going up from April 2023 – from Universal Credit to state pension Inflation-linked rises detailed, all applying from April 10 Nottingham Post · Mar 24, 2023
Portugal announces $2.7 billion anti-inflation package Portugal's government on Friday announced measures worth 2.5 billion euros ($2.7 billion) to help low-income families cope with soaring inflation and high interest rates, including scrapping value added tax (VAT) on essential food products. Reuters · Mar 24, 2023
Bank of England chief warns firms hiking prices could lead to higher interest rates His comments follow a surprise increase in inflation earlier this week and the Bank of England's decision to raise interest rates - the 11th rise in a row - from 4% to 4.25%. Daily Mirror · Mar 24, 2023
Australian banks predict another interest rate rise despite hopeful investor outlook Big four banks believe RBA will lift cash rate by at least another 25 basis points though many predict rises are close to a peak The Guardian - AU · Mar 24, 2023
Volcker slayed inflation. Bernanke saved the banks. Can Powell do both? History remembers Paul Volcker as the slayer of inflation, and Ben Bernanke as the crisis firefighter. Jerome Powell is in danger of having to play both roles at once — or, what may be worse, to choose between them. Tribune News Service · Mar 24, 2023
Wetherspoon returns to profit after ‘ferocious’ inflation hit Pub chain reports pre-tax profit of £4.6m, compared with a loss of £21.3m in the same period last year Insider UK · Mar 24, 2023
Bank of England boss urges firms to hold back price rises or risk higher rates Andrew Bailey says interest rates will have to rise again unless inflation falls The Guardian - UK · Mar 24, 2023
Interest rates will rise again if businesses raise prices – Bank of England boss Governor states optimistic outlook that the UK can avoid a recession, after being on a 'knife edge' last month Insider UK · Mar 24, 2023
Bank of England boss warns firms that raising prices will trigger higher interest rates Bank governor Andrew Bailey speaks after increasing rates to highest level in 14 years The Independent UK · Mar 24, 2023
Deutsche Bank shares tumble as fresh banking sell-off grips Europe and US – as it happened Stock markets and oil fall amid fears over Germany’s biggest bank The Guardian - UK · Mar 24, 2023
Big Interview: Everards Brewery MD Stephen Gould on hotel plans, the price of a pint and his retirement plans Pub and beer group is looking for a hotel operator for the next phase of its Everards Meadows site in Leicester Birmingham Post · Mar 24, 2023
Interest rates will rise again if businesses hike prices, Bank of England boss warns His comments come after interest rates were lifted to 4.25% from 4%. Evening Standard · Mar 24, 2023
Wall Street’s ‘Dr. Doom’ sees ‘Bermuda Triangle’ of risks for economy and warns of a 2008-like crisis “We avoided the debt crisis a couple of times...but now the game is over," economist Nouriel Roubini said in a new interview. Fortune · Mar 23, 2023
Four takeaways from General Mills' latest quarter, including more inflation effects Inflation is proving stickier than a Pillsbury cinnamon roll for General Mills. Tribune News Service · Mar 23, 2023
The Independent UK · Mar 23, 2023 Mortgage misery as Bank of England hikes interest rates to a 14-year high Double whammy as average council tax bill to pass £2,000 for the first time
The Independent UK · Mar 23, 2023 Fed's unwanted ally in bid to tame inflation: Credit crunch The Federal Reserve is getting some unwanted help in its drive to slow the U.S. economy and defeat the worst bout of inflation in four decades: A cutback in bank lending
Al Jazeera · Mar 23, 2023 Bank of England raises interest rates to 4.25% The UK’s central bank announces 11th consecutive interest rate increase as it focuses on fighting inflation.
StockNews.com · Mar 23, 2023 2 Stocks to Sell Short in 2023 Amidst high inflation, banking failures in recent weeks, and tight monetary policies, the economy is expected to witness a downturn this year. Against this backdrop, fundamentally weak stocks, Snap (SNAP) and Peloton Interactive (PTON) could be best sold short, liquidated, or avoided completely. Read on.
AAP · Mar 23, 2023 Regulator backs local banks to ride out global storm Financial regulators confirm the resilience of Australia's banking system following rigorous oversight during the past fortnight.
Axios · Mar 23, 2023 Why markets don't believe the Fed on rate cuts Investors are not buying the idea the Fed won't cut — not even a little bit.
Evening Standard · Mar 23, 2023 OPINION - Interest rate rises are a blunt tool – but we haven’t thought of anything better I would ban all open letters. Don’t write one and never put your name to someone else’s. Open letters are petitions that went to Oxbridge and goad you into asking which college they attended. But there is one example I hold in particularly low regard: the exchange of letters between…
The Conversation · Mar 23, 2023 Federal Reserve’s ‘soft landing’ goal has become bumpier with rate hike plan hit by bank turbulence Federal Reserve policymakers have targeted a “soft landing” for the U.S. economy since beginning their effort a year ago to tame runaway inflation by hiking interest rates. That is, they believed they could do so without sending the U.S. into recession.
The Conversation · Mar 23, 2023 Why mortgage rates will not return to recent lows any time soon The Bank of England base rate has increased steeply from 0.25% in January 2022 to 4.25% in March 2023. More than 4 million UK households now have significantly higher mortgage costs as a result, while also dealing with the impact of soaring prices for other items such as food and…
Wales Online · Mar 23, 2023 Interest rate rise another 'body blow' to household finances, says debt charity Mortgage borrowers on deals which track the base rate will now see nearly £24 per month added to their costs on average
The Independent UK · Mar 23, 2023 IMF warns without reforms, Lebanon could see hyperinflation The International Monetary Fund has given a grim assessment of Lebanon’s prospects for getting out of its deepening financial crisis