While more rate rises are on the way, Bailey’s comment about a return to “low global equilibrium” is one of the first suggestions that the Bank expects higher rates to …
High interest rates are temporary, says Andrew Bailey Read More
There are a number of explanations for that. In the wheat market, it looks as if more Ukrainian grain will be available than was expected (even if some of it …
The battle against inflation has already been won Read More
New York CNN Business — The highest rate of inflation in the decades has forced businesses to raise prices on food and other products once considered sacrosanct. Among the list …
Why Costco’s $1.50 hot dog combo and 99-cent Arizona iced tea still costs the same Read More
Tesco has bowed to pressure from the US owner of Heinz following a price row and agreed to pay more to keep supermarket shelves stocked with baked beans and ketchup. …
Heinz defeats Tesco in baked beans price row Read More
Whiskas and Pedigree pet food is disappearing from Tesco’s shelves in a fresh row over prices. The items are running low in supermarkets and online after Mars, the US owner …
Whiskas and Pedigree pet food pulled from Tesco shelves in price row Read More
A depreciation drives up inflation by making imported goods more expensive. For example, a barrel of oil priced in dollars will be more costly because the pound has fallen. A …
Brace for more pain ahead after a plunge in sterling Read More
John Kirby, the National Security Council coordinator for strategic communications, on Sunday pushed back on Amazon founder Jeff Bezos’s tweet the prior day bashing President Biden for calling on “companies …
Kirby defends Biden tweet on high gas prices after Bezos criticism Read More