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Economy2 hours ago (Feb 08, 2022 10:51)
LONDON (Reuters) – Bank of America (NYSE:BAC) said its measure of confidence among British households in their personal financial situation fell to its lowest since the bank began its survey in 2017.
A broader gauge of consumer confidence in Britain dropped to its lowest in 11 months as fast-rising inflation squeezed spending power, BofA said on Tuesday.
But in better news for the Bank of England, which is worried that the lack of candidates to fill vacancies will push up wages, the survey showed 41% of people who said they left the labour market since 2019 planned to return in 2022.
Britons most downbeat about finances since at least 2017 – BofA
FRANKFURT (Reuters) – The president of Germany’s financial watchdog BaFin, Mark Branson, on Tuesday warned about the stability of real-estate markets following a long period of…
ATHENS (Reuters) – The European Union’s lending arm, the European Investment Bank (EIB), provided a record financing of almost 5 billion euros ($5.70 billion) last year to help…
By Saikat Chatterjee LONDON (Reuters) – The euro weakened on Tuesday after European Central Bank President Christine Lagarde tried to rein in interest rate hike expectations that…
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