Central bankers, policymakers and academics meet annually at Jackson Hole, Wyoming to discuss the economy.
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The world’s central banks face a range of dilemmas, not least whether high inflation – and therefore high interest rates – will become permanent.
It won’t hurt a bit.
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The Bank of England has just raised rates for the 14th time in a row to 5.25%.
It’s always a good time to save more, if you can.
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Specific savings goals can help increase your pot – but so can advice and confidence with numbers.
The Bank of England, London.
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Interest rate rises have an uneven effect depending on your savings, living conditions and stage of life.
Andrew Bailey, governor of the Bank of England.
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Tax cuts could help reduce inflation without destabilising the banking sector and piling the pressure on mortgage holders
People putting their houses up for sale are starting to see signs of falling prices.
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Falling property prices affect much more than people’s wealth.
Andrew Bailey, governor of the Bank of England, which is widely expected to increase UK interest rates further this year.
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Interest rate hikes are the Bank of England’s main monetary policy weapon against inflation, but they aren’t working.
Counting the cost of rising prices.
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Different rates of inflation indicate high prices have become ‘embedded’ in these economies.
Price rises are slowing but inflation remains persistent.
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UK inflation has been stubbornly high and interest rate hikes have not yet brought it in line with other advanced economies.
Heading for the buffers? Bank of England Governor Andrew Bailey.
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UK bonds are again close to the levels that caused a pensions crisis in autumn 2022.
Budgeting for a rising cost of living.
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My research shows that UK price rises are likely to have been caused by high profits, falling wages and weak production over decades
Budgeting to buy a home.
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New mortgage products designed to help struggling first-time buyers hark back to the pre-2008 market and so should come with a warning.
Cheerleader in chief, Bank of England Governor Andrew Bailey.
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The bank has set hares running by forecasting actual growth of the UK economy in 2023, while most other forecasters are more downbeat.
The Bank of England, London.
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The Bank of England is factoring more than sky-high inflation into its base rate decisions right now.
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The UK retail bank business model has allowed banks to make significant profits as interest rates have risen over the past year.
Trying to maintain some stability.
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Central banks are reaching into their toolkits to shore up the global financial system.
Rising prices.
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Raising rates to fight inflation involves a time lag so current efforts to bring down prices won’t start having an impact until the next election is approaching.
Mortgage rates are set to stay high for some time.
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UK borrowers are expecting mortgage rates to fall again. Here’s why this looks unlikely in the current economic environment.
Decision time: Jerome Powell, chair of the Federal Reserve.
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The two central banks were due to raise rates aggressively, but then came the banking crisis.
Happy days.
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Central banks have been signalling that rate rises are going to get more aggressive again, but can the economy actually take it?