Latest news with #PhilipAldrick
Bloomberg
7 hours ago
- Business
- Bloomberg
UK Inflation Holds at Highest Level in More Than a Year
By , Philip Aldrick, and Irina Anghel Save UK inflation remained at its highest level in over a year, keeping price pressures uncomfortably high as the Bank of England prepares to give its latest signal on whether it will carry on cutting interest rates amid the threat of another energy price spike. Consumer price inflation was 3.4% in May, slightly above economists' expectations for 3.3% and in line with BOE forecasts, the Office for National Statistics said Wednesday. Services inflation — which is being closely watched for signs of domestic pressures — eased to 4.7% from 5.4%, in line with BOE forecasts.
Bloomberg
08-04-2025
- Business
- Bloomberg
Europe's Watchdogs Scrutinize Bank Liquidity Amid Tariff Turmoil
By , Philip Aldrick, and Jorge Zuloaga Save European regulators are scrutinizing the liquidity of banks after the prospect of steep US trade tariffs roiled markets around the world. Authorities in the UK and in the euro area said they're monitoring the situation, highlighting they haven't yet seen any problems. The move is a standard approach for watchdogs in times of stress and liquidity has been a key area of focus in recent years.
