Consumer confidence hits four-month low
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Consumer confidence hits four-month low
LONDON (Reuters) – Consumer confidence slipped to a four-month low in August as the economy remained in the doldrums, the monthly Nationwide survey showed on Wednesday — though the building society said it was a relief that the drop was not bigger.
Bank’s Posen says inflation-expectation fears exaggerated
LONDON (Reuters) – Central bankers are overly worried that the public and markets are going to expect higher inflation, and concern about high prices shouldn’t prevent more easing of monetary policy, Bank of England policymaker Adam Posen said in a newspaper interview on Thursday.