News And Announcements
Shop prices continue moving into deflation in September
Shop prices continued to move into deflation in September, with a year-on-year decline of 0. 6%, according to the British Retail Consortium-NielsenIQ Shop Price Index on Tuesday.
UK mortgage approvals jump to two-year high
Approvals for mortgages in the UK rose to their highest in two years in August, while consumer borrowing increased more than expected, according to data from the Bank of England on Monday.
UK second-quarter growth revised lower
The UK economy grew less than initially estimated in the second quarter, according to figures released on Monday by the Office for National Statistics.
UK house-price growth accelerates in September
House prices in the UK rose at their fastest rate in nearly two years this month, with values now just 2% shy of record highs, according to data released on Monday by Nationwide.
UK retail sales nudge higher in September - CBI
Retail sales edged higher in September, an industry survey showed on Friday, boosted by strong online demand.
Eurozone economic sentiment weakens in September
Confidence eased across the eurozone in September, an official survey released on Friday showed, as the bloc’s economic recovery struggled to take hold.
Chinese equities rally as Beijing moves to bolster economy
Chinese equities rallied on Friday following a series of moves by Beijing intended to bolster the country’s ailing economy, including a further cut to a key interest rate.
UK car production falls 8.4pc in August
UK car production fell by 8. 4% to 41,271 units in August, according to the Society of Motor Manufacturers and Traders, marking both a sixth consecutive monthly decline and the lowest rate of production seen in more than three years.
UK consumer confidence slides ahead of Budget - BRC
Consumer confidence fell in September, a well-regarded survey showed on Thursday, as people waited anxiously for next month’s Budget.
UK's FCA proposes stronger protection rules for e-money firms
Britain's financial watchdog is proposing to tighten up protections for customers holding cash in e-money institutions.
OECD raises UK growth forecast for 2024
The Organisation for Economic Cooperation and Development (OECD) revised its forecast for the UK economy on Wednesday, projecting faster growth than Japan, Italy, and Germany this year.
Sweden's Riksbank trims interest rates
Sweden’s central bank trimmed interest rates on Wednesday, in line with expectations, and said it expected to cut further in the coming months.
FCA extends deadline for motor finance complaints to late-2025
The finance regulator has extended the deadline for motor finance firms to respond to complaints in its ongoing review into whether customers have been overcharged because of the use of discretionary commission arrangements (DCAs).
German business sentiment deteriorates more than expected - Ifo
German business sentiment deteriorated more than expected in September, according to a survey released on Tuesday by the Ifo Institute.
BoE governor Bailey expects rates to fall further as inflation slows
Bank of England governor Andrew Bailey on Tuesday predicted that interest rates will settle at a "neutral rate", with inflation having come down "a long way".
UK PMIs miss expectations as growth momentum eases
Private business activity in the UK grew less than expected in September with growth in tailing off slightly across the board, according to a purchasing managers' index (PMI) survey out on Monday by S&P Global.
PBoC injects CNY 235bn into economy, lowers 14-day repo rate
The People’s Bank of China injected around CNY 234. 6bn (£25. 05bn) into the banking system on Monday - the first such infusion in months - as it lowered the 14-day reverse repurchase rate.
BoE's Mann takes 'guarded' view on rate-cutting cycle
Bank of England rate-setter Catherine Mann said on Friday she took a "guarded" view about cutting rates, as there was still a risk inflation was becoming embedded.
Summer weather helps retail sales surge
Retail sales hit their highest level in more than two years in August, official data showed on Friday, beating expectations.
Government borrowing overshoots forecasts
Higher-than-expected borrowing in August pushed public sector net debt to 100% of GDP, official figures showed on Friday.