BoE governor Andrew Bailey has warned MPs that paying for public sector pay rises with borrowing could push up inflation UK property demand declines as house prices in England fall Sunak should expand free childcare to tackle workforce shortages, says CBI Over in parliament, the Treasury Committee is starging to quiz some of the Bank of England’s top officials. MPs will be questioning the BoE over...

See article

Mexico’s inflation rate rose in January to 7.91%, leading the country’s central bank to boost its principle interest rate to 11% on Thursday. ANNUAL INFLATION RATE IN EGYPT REACHES NEW HIGH AS CURRENCY SURGES The Bank of Mexico said inflation was not going down as expected, and was likely to remain high for some time. The bank said Mexico’s inflation rate is not likely to decline to the official...

See article

No, it must accept one, per conventional wisdom. But Europe’s showing another way, though it won’t be painless either.

See article