The MPC is unlikely to hike rates this summer, held back by deterioration in company liquidity, according to New Star's chief economist Simon Ward.
Ward explained that markets are now discounting two quarter-point rate rises in the UK over the next year but monetary trends show policy is already restrictive. "The foundations of the current inflationary...
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000
Two roles created