News And Announcements
China holds rates for ninth consecutive month
China kept its benchmark lending rates unchanged for the ninth month in a row on Monday, in line with forecasts.
UK house prices hit fresh high in May - Rightmove
UK house prices hit a fresh high in May, industry data showed on Monday, as market conditions steadied.
UK house prices hit fresh high in May - Rightmove
UK house prices hit a fresh high in May, industry data showed on Monday, as market conditions steadied.
Germany producer price rises cool in April
Producer prices in Germany saw their smallest year-on-year increase in more than two years in April, according to data released on Friday morning, adding to hopes of cooling eurozone inflation.
Government to invest £1bn in UK chip sector
The government is to invest up to £1bn in British semiconductor firms over the next decade, it was announced on Friday, as it looks to strengthen the domestic industry.
UK consumer confidence continues to recover in May - GfK
UK consumer confidence continued to recover in May despite record-high food prices, according to a long-running survey released on Friday.
Good Energy and Ovo ordered to pay £4m after overcharging customers
Ofgem has ordered Good Energy Group and Ovo Energy to pay a total of £4m after the two suppliers overcharged customers.
Further rate rises likely should inflation persist - BoE governor
The Bank of England will continue hiking interest rates if inflationary pressures persist, its governor warned on Wednesday.
Eurozone inflation reaches 7%
Eurozone inflation reached 7% in April, official data showed on Wednesday, in line with expectations.
Eurozone GDP edges higher in first quarter
The Eurozone economy grew only marginally in the first quarter, official data showed on Tuesday, in line with expectations.
German business sentiment deteriorates in May - ZEW
German business sentiment deteriorated much more than expected in May as worries about rate hikes and the US debt ceiling took their toll, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
UK unemployment rate unexpectedly ticks higher
The unemployment rate in the UK unexpectedly ticked higher in the three months to March, according to figures released on Tuesday by the Office for National Statistics.
Brussels raises inflation forecasts
Brussels lifted its annual inflation forecasts on Monday, on the back of “persistent” pricing pressures.
Eurozone industrial production slumps
Industrial production fell sharply in the Eurozone in March, official data showed on Monday, missing forecasts for a far smaller decline.
UK retail sales soften - BDO
Retail sales dipped last week, industry research showed on Friday, after demand was curtailed by the bank holiday and mixed weather.
UK GDP edges higher in first quarter despite weak March
The UK economy shrunk in March, official data showed on Friday, but managed to nudge higher over the quarter as a whole.
US jobless claims hit highest level since early 2021
The number of Americans filing for unemployment benefits rose more than expected last week, according to data released on Thursday by the Labor Department.
US producer prices rise at slowest pace since January 2021
US producer prices rose at their slowest pace in April since January 2021, according to data released on Thursday by the Bureau of Labor Statistics.
Bank of England ups interest rates
The Bank of England upped interest rates on Thursday to 4. 5%, the highest level since 2008, as it looked to tackle stubbornly high inflation.
UK housing market sees demand soften - RICS
House prices fell less sharply last month, an industry survey showed on Thursday, although higher borrowing costs and an uncertain economic outlook continued to hamper demand.