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The Latest Breaking News from Inflation

UK in recession as Bank of England hikes interest rates to highest since 2008

Interest rates have risen to 2.25% from 1.75% – the highest level since November 2008

Insider UK

Bank of England announces highest interest rate since 2008 - with country already in recession

The bank hopes to bring inflation under control with interest rate changes

Manchester Evening News

Cost of living: How to cope with the rise in prices

Millions of Britons are struggling as the price of everything soars amid rising energy prices and inflation. Kate Ng turns to financial experts for advice on how to deal with it all

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

As Federal Reserve raises rates, Bank of Japan stays put

Many central banks around the world are following the lead of the US Federal Reserve and raising their benchmark interest rates in order to rein in inflation. The Bank of Japan, however, is marching to the beat of its own drum. At a policy meeting this Thursday, the bank maintained…

France 24

Bank of England raises interest rates to 2.25% - the highest level since the financial crisis

Monetary Policy Committee moves to tackle inflation

Birmingham Post

Interest rates rise by 0.5% as Bank of England says UK ‘already in recession’ OLD REDIRECTED

The UK interest rate is now the highest level since 2008

The Independent UK

Interest rates surge to 2.25% hitting 14-year high - what it means for your cash

The Bank of England has today confirmed it is hiking interest rates from 1.75% to 2.25% in what is the highest rate since 2008. We explain how it affects your mortgage, credit card debt and savings

Daily Mirror

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UK in recession, says Bank of England as it raises interest rates to 2.25%

In a three-way split decision, MPC signals inflation risks outweigh short-term threat of recession

The Guardian - UK

Japan intervenes to prop up yen for first time since 1998

Japan has intervened in currency markets for the first time since 1998 to support the yen, seeking to stem a 20% plunge against the dollar this year amid a widening policy divergence with the United States.

Bangkok Post

Swiss National Bank exits negative rates era with 0.75% hike

Switzerland exited the era of negative interest rates on Thursday when its central bank joined others around the world in tightening monetary policy more aggressively to combat resurgent inflation.

Reuters

Budget 2023: How possible measures could affect middle income earners on €35,000 to €50,000

A range of new measures have been discussed by the Government aimed at helping middle income earners who have been worst affected by the rise of inflation

Irish Mirror

Turkish Lira Hits Record Low

Türkiye’s currency fell to a record low against the dollar before a central bank meeting on interest rates Thursday. The lira traded at a low of 18.38 against the dollar, past the previous record low of 18.36 in December, before recovering to about 18.36. Türkiye has been following President Recep…

Asharq Al-Awsat

Bank of England poised for another big interest rate hike

Britain’s central bank is under pressure make another big interest rate hike Thursday

The Independent UK

Swiss central bank enacts biggest-ever hike to key rate

Switzerland’s central bank has carried out the biggest hike ever to its key interest rate in an effort to clamp down on inflation

The Independent UK

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news in one place.

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Reuters

Old woes and new: business turmoil awaits Italy's election winner

Inflation, looming recession and impossibly high energy bills are among the daunting economic problems awaiting whoever wins Italy's election on Sunday, and they are casting a particularly long shadow over the industrial city of Terni.

Tribune News Service

Commentary: The Fed’s monetary malpractice will cost you

The goal of the latest interest rate hike from the Federal Reserve? To avoid a deep recession “by acting with resolve now,” according to Fed Chairman Jerome Powell. But if history is any guide, this is a case of too little, too late.

The Guardian - UK

JD Sports ‘cautious’ over outlook amid inflation rise and strike threats

Despite 8% rise in sales over past six weeks, retailer worries that energy costs will dampen consumer spending

Manchester Evening News

Bury-based JD Sports announces pre-tax profits slump as inflation hits

'Whilst the overall performance continues to be encouraging and the result for the half year was at the upper end of the board’s expectations, it must also be recognised that the most material trading periods lie ahead'

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Evening Standard

FTSE 100 Live: Interest rates up by 0.50% to 2.25% as Bank of England fights inflation

Interest rates are up by 0.50% today as Bank of England policymakers continue their fight against inflation, but without adopting a larger 0.75% increase.

Wales Online

JD Sports warning as pre-tax profits tumble by more than £50m

Sportswear giant says inflation and economic uncertainty could affect trading in second half of year

The Independent UK

Asia stocks follow Wall Street down as Fed fights inflation

Asian stock markets have followed Wall Street lower after the Federal Reserve delivered another big interest rate hike and raised its outlook for more to cool galloping inflation

Chronicle Live

Leaked report reveals Newcastle City Council facing dire £30m cost hike crisis as inflation strikes

Desperate councils across the region are grappling with major overspends caused by escalating energy bills, contract inflation, and staff pay rises

The Independent UK

Powell's stark message: Inflation fight may cause recession

The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession

Salon

Fed hikes interest rates for third time

According to business analysts, the Fed hasn't made a move against inflation quite this aggressive since the 1980s

AAP

More stress for family budgets: minister

The highest interest rates in the US in almost 15 years, coupled with war in Europe and China's lockdowns, will put more pressure on Australian households.

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