"Clumsy interventions" by some of the world's central banker will "destroy" the economy and usher in political chaos, a notoriously bearish Societe Generale strategist has claimed.
The world is no longer teetering on the brink of a full-blown recession thanks to a rally in global stock markets and surging commodity prices, according to a new report out today.
So it was an apology of sorts, but with a sting in the tail: Bank of England policymakers don’t like to say sorry. It was in this vein that Ian McCafferty – a former chief economist for the CBI, who joined the Bank’s nine-strong monetary policy committee (MPC) in the autumn of 2012 – said he had twice made the mistake of calling for higher interest rates.
Greece has come a step closer to unlocking more international support for its debt-ravaged economy after talks with its eurozone neighbours.
A top Bank of England policymaker has floated the possibility of interest rates being cut below zero, meaning companies would pay to deposit their money with banks.
The European Central Bank president has launched a robust defence of the institution’s independence after criticism from Germany that rock-bottom euro interest rates are hurting savers and fuelling rightwing nationalism.
A Bank of England policymaker has admitted he got it wrong when predicting a significant pickup in wages, prompting him to abandon his call for a rise in interest rates.
The governor of the Bank of England has warned that Britain’s economy could struggle to grow after a decision to quit the European Union.
Scientists in Britain could lose millions of pounds in research funds if the nation leaves the European Union, according to a cross-party group of peers.
Gold is one of the few good hedges right now, and that means it is poised to go "much higher," BlackRock's Russ Koesterich said Tuesday.
The last time the Bank of England cut interest rates was in March 2009 and the decision was, in the modern idiom, a bit of a no-brainer.
Sterling rose and the City’s leading share index closed at its highest level for 11 months after a Bank of England policymaker said a lack of panic since Britain’s shock Brexit vote called into question the need for a knee-jerk cut in interest rates.
Why are we giving Bitcoin house room? Surely it is akin to a counterfeiting scam promoted by people who like the idea of their computer making them rich without lifting much more than a finger?
The government’s finances improved last month to post their biggest surplus in seven years, after an influx of delayed payments from wealthy taxpayers who benefited from a cut in the 50p top rate of tax.
The UK economy will have to weather a short, sharp shock, with Brexit uncertainty holding back both business investment and consumer spending, according to a leading economic forecasting group.
JPMorgan's David Kelly says the economy is strong enough to withstand a hike.
Philip Hammond has ruled out a “splurge” in public spending to support the economy in next month’s autumn statement and said that any help to boost demand would be on only small projects that deliver productivity improvements.
The US economy added only 156,000 jobs in September, the US Department of Labor announced on Friday, a figure likely to be seized on as the presidential race enters its final stretch. The unemployment rate was 5%, up from 4.9% in August.