Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The timing of achieving the inflation target was called In Britain


August, 16 2023
watermark Economic news

British Vice-Minister of Finance John Glen suggested that the British authorities could achieve their inflation target of 2% by 2025. This comment followed a call by Finance Minister Jeremy Hunt to strengthen attempts to control inflation against the background of recent data.


«According to the forecasts of the Bank of England, by the end of this year, inflation may reach 5%, and by the same period next year – 3%. We intend to approach the 2% mark by 2025,» Glen said in an interview.


The official also stressed the difficulty of fighting inflation, since many variables affect pricing. However, he assured that the government and the Bank of England are working closely together in an effort to stabilize the economy.


The British Bureau of Statistics on Wednesday reported a slowdown in annual inflation in July to 6.8% compared with 7.9% in June. The main factors contributing to this were the decline in gas and electricity prices, as well as a slowdown in the growth of prices for food and soft drinks — up to 14.8% in July against 17.3% in the previous month.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.