The cost of living crisis in Britain will have a severe impact on economic growth this year but the Bank of England will still lift interest rates again next week, marking its fourth consecutive meeting of increasing borrowing costs, a Reuters poll found.
Inflation hit a 30-year high last month of 7.0% and the poll suggested it would be higher this quarter, meaning households are facing the biggest cost-of-living squeeze since records began in the 1950s, according to Britain's budget forecasters.
It will be over a year before the crisis eases significantly according to more than half the respondents to another question. Investors are pricing in a decent chance of a 50 basis point rise - a move the Federal Reserve is widely expected to deliver next month and again in June.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Macron Faces Off Against Far-Right Rival Le Pen as France Heads to the PollsFrench citizens are heading to the polls Sunday in a presidential election set against the backdrop of war in Ukraine and a cost of living crisis.
Lire la suite »
America's pandemic recovery has slowed to a crawlInvestors are gearing up for a week of big ticket economic data, including a first look at economic growth between January and March and more inflation numbers.
Lire la suite »
Russia-Ukraine live updates: Top US officials Blinken, Austin meeting with ZelenskyyUkraine's losses, including destroyed homes and massive damage to the country's infrastructure, has topped $1 trillion since Russian forces invaded the country two months ago, according to Ukraine's top economic advisor.
Lire la suite »
Want to Retire in Portugal? Here’s What to Know, as Americans Move There in Droves.The number of U.S. residents in Portugal climbed by 45% last year. Here's what to know about why so many Americans are making the country their home base.
Lire la suite »
Russia-Ukraine live updates: Some US diplomats to return to UkraineLATEST: Sec. of State Antony Blinken says Russia 'already failed' to achieve its stated goals in Ukraine.
Lire la suite »
Russia-Ukraine live updates: Russia 'already failed' to achieve war goals, Blinken says'In terms of Russia's war aims, Russia has already failed,' Sec. of State Antony Blinken says.
Lire la suite »