FOREX TradingCharts.com

Financial News: NIESR Urges Bank Of England To Hike Interest

NIESR Urges Bank Of England To Hike Interest Rate

08/01/2018 - 01:17:00 (RTTNews)

(RTTNews) - The National Institute of Economic and Social Research urged the Bank of England to raise its interest rate by 25 basis points at the meeting this week.

The think tank said it expects a gentle path of monetary policy normalization with the next 25 basis point rate increase this month.

On the fiscal side, the agency recommended that the government to maintain its current level of spending and raise the quality of public services.

According to NIESR, the economy will grow 1.4 percent this year and 1.7 percent in 2019. The estimates were broadly unchanged from the previous assessment.

However, risks to GDP growth forecast are wider than before and tilted to the downside, the agency noted.

The latest projection is based on 'soft' Brexit assumption where the UK achieves close to full access to the EU market for goods and services.

Elsewhere, the British Retail Consortium reportedly said that shop prices declined at a slower pace as food price growth improved in July.

Overall shop prices dropped 0.3 percent in July, following a 0.5 percent fall in June. Food inflation accelerated to 1.6 percent from 1.2 percent a month ago.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Leading Economic Index Climbs More Than Expected In July (10 hr(s), 16 min(s), 55 sec(s) ago)
(RTTNews) - A report released by the Conference Board on Friday showed a bigger than expected incr ...Full Story»

U.S. Consumer Sentiment Unexpectedly Drops Amid Inflation Concerns (10 hr(s), 23 min(s), 55 sec(s) ago)
(RTTNews) - Partly reflecting concerns about inflation, the University of Michigan released a repo ...Full Story»

Poland's Average Gross Wages Rise Less Than Forecast (12 hr(s), 14 min(s), 55 sec(s) ago)
(RTTNews) - Poland's average gross wages increased less-than-expected in July, figures from St ...Full Story»

Croatia's Inflation Slows In July (12 hr(s), 32 min(s), 55 sec(s) ago)
(RTTNews) - Croatia's consumer price inflation slowed in July, figures from the Croatian Burea ...Full Story»

Turkey Retail Sales Growth Weakest In 8 Months (12 hr(s), 58 min(s), 55 sec(s) ago)
(RTTNews) - Turkey's retail sales grew at the slowest pace in eight months in June, the Turkis ...Full Story»

Italy June Current Account Surplus Rises (13 hr(s), 04 min(s), 55 sec(s) ago)
(RTTNews) - Italy's current account surplus for June increased from a year ago, data from the ...Full Story»

Hong Kong Jobless Rate Remains Stable (13 hr(s), 42 min(s), 55 sec(s) ago)
(RTTNews) - Hong Kong unemployment rate remained stable during May to July, the Census and Statist ...Full Story»

Taiwan's GDP Growth Rises In Q2 (14 hr(s), 14 min(s), 55 sec(s) ago)
(RTTNews) - Taiwan's economic growth improved in the second quarter, preliminary estimate from ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Leading Economic Index Climbs More Than Expected In July

08/17/2018 - 10:19 AM (RTTNews)
(RTTNews) - A report released by the Conference Board on Friday showed a bigger than expected incr ...Full Story>>

U.S. Consumer Sentiment Unexpectedly Drops Amid Inflation Concerns

08/17/2018 - 10:12 AM (RTTNews)
(RTTNews) - Partly reflecting concerns about inflation, the University of Michigan released a repo ...Full Story>>

Poland's Average Gross Wages Rise Less Than Forecast

08/17/2018 - 08:21 AM (RTTNews)
(RTTNews) - Poland's average gross wages increased less-than-expected in July, figures from St ...Full Story>>

Croatia's Inflation Slows In July

08/17/2018 - 08:03 AM (RTTNews)
(RTTNews) - Croatia's consumer price inflation slowed in July, figures from the Croatian Burea ...Full Story>>

Turkey Retail Sales Growth Weakest In 8 Months

08/17/2018 - 07:37 AM (RTTNews)
(RTTNews) - Turkey's retail sales grew at the slowest pace in eight months in June, the Turkis ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.