Author: Paul Hannon

The Bank of England is unlikely to raise its key interest rate this year or next, despite a sharp pickup in inflation over the second half of 2026, the National Institute of Economic and Social Research said.

Russia’s central bank cut its key interest rate for a tenth straight meeting, despite raising its forecast for inflation to reflect Ukraine’s drone attacks on Russian oil refineries.

European governments have cut their borrowing at the start of their fiscal years, but further progress is set to be more challenging if growth slows in response to higher energy costs that have accompanied the Middle East conflict.