The Bank of England decided to maintain the Bank Rate at 5.25% during its June meeting, as expected, with two members advocating for a decrease to 5%. Also, some policymakers noted that the decision not to cut was “finely balanced”. Recent economic indicators show inflation has returned to the target of 2%, driven by moderating inflation expectations and declining energy prices from the previous y
The annual inflation rate in Switzerland eased to 1.3% in January 2024 from 1.7% in the previous month, and coming less than market forecasts of 1.7%. It marked the lowest reading since October 2021, as inflation for housing and utilities slowed to 2.5% from 3.3% in December, while those for food and non-alcoholic beverages eased to 2.3% compared to 3.3%. Additional downward pressures came from th
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