Central banks risk a global recession by raising interest rates in a bid to contain soaring energy costs, an analyst has said. Julian Howard, chief multi-asset investment strategist at GAM Investments, warned that rate-setters are now “on the verge of policy mistake territory” as expectations of rate rises grow. Howard said that the traditional response…
Customers check out vegetables and other groceries at a supermarket in Tokyo on June 20, 2025. Kazuhiro Nogi | Afp | Getty Images Core inflation in Japan accelerated for the first time in five months, rising to 1.8% in March as the Iran war fuels worries around energy prices. Government data showed the core inflation…
Millennium Wheel And Skyline At Sunset. London, England. Design Pics Editorial | Universal Images Group | Getty Images The U.K. economy grew by 0.5% in February, according to preliminary figures from the Office for National Statistics published Thursday. Economists polled by Reuters expected U.K. gross domestic product (GDP) to have expanded by 0.1% month-on-month. Services…
The U.K. will suffer the biggest hit to growth of all the world’s richest economies because of the Iran war, the International Monetary Fund warned on Tuesday. In its latest World Economic Outlook, the IMF projected that the U.K. economy will now grow by just 0.8% in 2026, down from 2025’s 1.3% projection. That’s the…
European government bonds reversed course on Thursday, moving higher after plunging during the previous session, as a fragile Middle East ceasefire keeps markets on edge. Bond traders are grappling with unusually high levels of volatility, which is clouding the outlook for interest rate policies at the Bank of England and European Central Bank. Yields on…