Bank of England chief economist Andrew Haldane has put himself on a collision course with Mark Carney, the Bank’s governor, by suggesting policymakers may be forced to slash interest rates to zero in the coming months to tackle the looming risk of deflation.
Federal Reserve officials have begun a two-day meeting, which is expected to pave the way for the first rise in interest rates since the 2008 financial crisis.
A strong pound has increased the chance of a prolonged period of very low inflation, leaving the Bank of England in no hurry to raise interest rates, its senior policymakers suggested.
Abnormally low inflation and interest rates are building up new risks for the global economy, a leading thinktank warned on Wednesday, as it called on governments to play a greater role in shoring up the recovery.
George Osborne has insisted that there will be “no giveaways, no gimmicks” in Wednesday’s budget.
Forget the budget. The financial markets are not remotely interested in what George Osborne has got cooked up for Wednesday. Forget Greece. The money men assume Europe will find a way of kicking the can down the road, as it usually does.
Bitcoin's user base will continue to grow, but its mainstream adoption faces significant headwinds, according to a new report.
After a year of sanctions and a contraction, the Russian economy is ready for the upside. What it needs are economic reforms and international integration - not further sanctions and geopolitical isolation.
China's craze for bitcoins has been well-documented over the past year, but a new report highlights just how dominant of a player the country is.
Recent speeches by Bank of England policymakers have focused on the power of the central bank to influence inflation.
The average asking price of a typical first-time buyer home leapt by 6.2% in a month after buy-to-let investors rushed to buy properties before last month’s stamp duty increase, according to figures on Monday.
A vote to leave the EU next month could precipitate a stock market crash and steep fall in house prices, the International Monetary Fund has warned.