Saturday, 20 April 2024
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EKONOMI INGGRIS

Bank of England Raises Borrowing Costs to 15-Year Peak, Signals Rates to Stay High
Friday, 4 August 2023 00:54 WIB | Fiscal & monetary

The Bank of England raised its key interest rate by a quarter of a percentage point to a 15-year peak of 5.25% on Thursday, and gave a new warning that borrowing costs were likely to stay high for some time. Unlike the U.S. Federal Reserve or the European Central Bank - which also both raised...


UK Firms Grow at Slowest in 6 Months as Rate Hikes Weigh: PMI
Monday, 24 July 2023 22:30 WIB | Economy

Britain's private sector is growing at its weakest pace in six months in July as orders for businesses stagnate in the face of rising interest rates and still-high inflation, a survey showed on Monday. The S&P Global/CIPS composite Purchasing Managers' Index showed a preliminary reading of...


Britain’s Inflation Rate Falls to Lowest in More Than a Year
Wednesday, 19 July 2023 19:45 WIB | Economy

Britain’s inflation rate slowed more than expected to the lowest pace in more than a year, a sign that soaring interest rates may be starting to curtail the worst wage-price spiral in the Group of Seven nations. The Consumer Prices Index was 7.9% higher than a year ago in June, a...


UK Economy Held Up Better Than Expected in Coronation Holiday
Thursday, 13 July 2023 19:53 WIB | Economy

The UK economy shrank less than expected in May after an additional holiday to mark the coronation of King Charles III weighed on activity. Gross domestic product fell 0.1% in May after an 0.2% gain the month before, the Office for National Statistics said Thursday. Economists had expected a drop...


UK Wage Growth Sticks at Level Bailey Says Is Causing Inflation
Tuesday, 11 July 2023 20:00 WIB | Economy

UK wage growth held at a level that Bank of England Governor Andrew Bailey said is fueling inflation, maintaining pressure for higher interest rates. Average weekly earnings excluding bonuses rose held at 7.3% in the three months through May after figures for the period through April were revised...


UK Factory Downturn Deepens In June Despite Lower Costs: PMI
Monday, 3 July 2023 22:27 WIB | Economy

The pace of decline in Britain's manufacturing sector steepened in June and optimism faded despite weakening price pressures, a survey showed on Monday. The S&P Global/CIPS UK Manufacturing Purchasing Managers' Index (PMI) fell to 46.5 from 47.1 in May, its lowest reading this year and one of...


UK Inflation Exceeds Expectations In May, Piling Pressure On The Government And BOE
Wednesday, 21 June 2023 19:58 WIB | Economy

U.K. inflation came in hotter than expected in May, as consumer prices rose by an annual 8.7%, unchanged from the previous month. Economists polled by Reuters had projected an annual rise in the headline consumer price index (CPI) of 8.4%. On a monthly basis, headline CPI rose by 0.7%, while...


UK Economy Regains Pre-Pandemic Level of Output With April Rise
Wednesday, 14 June 2023 20:00 WIB | Economy

The UK economy bounced back in April, recovering most of the output lost the previous month when heavy rain and strikes curtailed consumer spending. Gross domestic product rose 0.2% after a 0.3% decline in March, the Office for National Statistics said Wednesday. The figures left the economy...


UK ILO Unemployment Rate Drops to 3.8% in April vs. 4.0% Expected
Tuesday, 13 June 2023 20:24 WIB | Economy

According to the latest data published by the Office for National Statistics (ONS) on Tuesday, the United Kingdom’s (UK) ILO Unemployment Rate inched lower to 3.8% in the quarter to April from the 3.9% recorded in the three months to March, beating the market consensus of a 4.0% print. The...


UK ILO Unemployment Rate Edges Higher To 3.9% In March Vs. 3.8% Expected
Tuesday, 16 May 2023 19:49 WIB | Economy

The latest data released by the Office for National Statistics (ONS) showed on Tuesday that the United Kingdom’s (UK) ILO Unemployment Rate rose from February’s 3.8% to 3.9% in March vs. the 3.8% expected while the claimant count change showed an unexpected increase in the reported month. The...


UK Economy Delivers First-Quarter Gain Despite Strikes
Friday, 12 May 2023 20:11 WIB | Economy

The UK economy eked out a small gain in the first quarter even though strikes sharply curtailed activity in March, further reducing the risk of a recession. Gross domestic product rose 0.1% from the fourth quarter, the Office for National Statistics said Friday. March’s figure showed a 0.3%...


UK Companies Surprise With Strongest Growth in a Year, S&P Says
Friday, 21 April 2023 22:28 WIB | Economy

UK businesses reported the fastest growth in a year as spending on holidays and entertainment powered a stronger-than-expected pick-up in momentum. The composite purchasing managers’ index jumped to 53.9 in April from 52.2 the previous month after an acceleration in the services...


UK Inflation Rate Falls to 10.1% in March – ONS
Wednesday, 19 April 2023 20:04 WIB | Economy

British consumer price inflation fell to 10.1% in March from February's 10.4%, figures from the Office for National Statistics showed on Wednesday. Economists polled by Reuters had forecast that the annual CPI rate would drop to 9.8% in March, moving further away from October's 41-year high of...


UK Unemployment Edges Up but Pay Growth Beats Forecasts
Tuesday, 18 April 2023 21:18 WIB | Economy

Britain's unemployment rate rose unexpectedly in the three months to February but pay growth stayed higher than forecast, highlighting the dilemma for the Bank of England (BoE) as it judges whether to raise interest rates further. The Office for National Statistics said the unemployment rate rose...


UK GDP Witnessed 0% Growth In February
Thursday, 13 April 2023 20:04 WIB | Economy

The British economy stalled in February 2023, below forecasts of a 0.1% increase. The figure follows an upwardly revised 0.4% increase in January. The services sector went down 0.1%, led by falls in education and public administration and defence; compulsory social security, industrial action...


UK house-building falls by most since 2020 as interest rates bite -PMI
Friday, 7 April 2023 00:32 WIB | Economy

British house-building fell at the sharpest pace since May 2020 last month as the cost of higher interest rates outweighed an easing in supply chain difficulties that bolstered other types of construction, according to a survey released on Thursday. The S&P Global/CIPS construction Purchasing...


UK service firms report second month of growth as prospects improve -PMI
Wednesday, 5 April 2023 22:17 WIB | Economy

Britain's economy looks set to have grown in early 2023 after firms in the dominant service sector in March reported the strongest new business expansion in a year and the best export performance since at least 2014, an industry survey showed. Adding to signs of recovery in the economy,...


BOE Governor Says Global Markets Are Testing Banks for Weakness
Wednesday, 29 March 2023 00:58 WIB | Fiscal & monetary

Bank of England Governor Andrew Bailey said global markets are testing “quite a lot” of the banking sector for any signs of trouble after the failure of Silicon Valley Bank and the rescue of Credit Suisse Group AG. While the UK banking system remains in a “very...


British retail sales rise 1.2% in February
Friday, 24 March 2023 21:03 WIB | Economy

British retail sales rose 1.2% in February from the month before, figures from the Office for National Statistics showed on Friday. Economists polled by Reuters had forecast that retail sales volumes in February would be 0.2% higher than in January. Friday's data showed that retail sales volumes...


BOE Lifts UK Interest Rates at Slowest Pace Since June
Friday, 24 March 2023 01:50 WIB | Fiscal & monetary

The Bank of England pushed ahead with another interest rate increase despite turmoil in the banking sector, predicting the UK economy will avoid a recession for now and that inflation remains a risk. The central bank raised its benchmark lending rate as expected by a quarter point...



Market Review Wednesday, April 17, 2024
Thursday, 18 April 2024 03:20 WIB

Nikkei Japanese stocks fell, marking their biggest three-day drop since October, as investors continued to be on watch for any risk of currency...

S&P 500 Closes Lower As Powell Warns Rates Need To Stay High, Dow Snaps 6-Day Losing Streak
Wednesday, 17 April 2024 03:10 WIB

The S&P 500 wavered on Tuesday after Federal Reserve chair Jerome Powell said interest rates may need to stay elevated. The broad index lost...

Market Review Tuesday, April 16, 2024
Wednesday, 17 April 2024 03:14 WIB

Nikkei Tokyo stocks closed lower Tuesday, weighed down by Wall Street falls and fears over tensions in the Middle East. The benchmark Nikkei 225...

Bailey Hints BOE Might Be Able to Cut Rates Before Fed in US
Wednesday, 17 April 2024 01:19 WIB

Bank of England Governor Andrew Bailey hinted that the UK might be able to lower interest rates before the US, saying inflation dynamics...

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