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Inflation is projected to rise from current lows “around the turn of the year“, as past falls in energy prices drop out of the annual comparison, the report said.

The Bank of England (BoE) Thursday voted 8-1 to keep its main interest rate Bank Rate unchanged at 0.5 percent, and kept the quantitative easing (QE) policy at 375 billion pounds.

Just as his remark about the female journalist is distasteful, his comment about the devalued Chinese currency is extravagant.

In a note published on Tuesday, after the first devaluation of 2 percent was announced, the PBoC said that monetary policy would now allow the currency to float and trade more freely, in a move towards a more market-orientated approach. France and Italy were the main...

China’s currency has continued to slip this week, keeping global investors on edge.

However, he said he was bargain-hunting in the worst-affected sectors, such as luxury goods, and predicted broader European stock markets should soon stabilize.

It also compounded jitters over China’s financial health after a debt-fuelled stock market bubble burst in June, following a 150 percent surge in the previous 12 months.

The yuan tumbled 1.8 percent, the most in two decades, on the day of the devaluation and declines have since moderated as the PBOC intervened via agent banks and signaled its support for the currency.

China cut the reference rate for its currency for the third straight day, on Thursday after the surprise devaluation of the yuan this week unsettled global financial markets. The PBoC also “dismissed claims it intended to weaken the yuan by 10% to support exports as...

But Governor Mark Carney has signaled the bank is “moving closer” to a rate increase as economic growth remains among the fastest among advanced economies.

In the previous two days, the central rate – around which the yuan is allowed to trade in a band of plus or minus 2 percent – had been marked 1.9 and 1.6 percent lower, respectively.

Oil traders are bracing for a rapid build-up in inventories in the coming weeks, likely testing Cushing’s storage capacity limits, as refiners shut for spring maintenance; the rise may be swifter than expected due to the unexpected prolonged closure of the biggest crude...

TOKYO-The U.S. dollar was almost unchanged against the yen and the euro in Asian trade Friday, as investor sentiment improved on signs of stability in the Chinese currency.

“In light of the reduction in oil prices and the appreciation of sterling over the past three months, it appeared that the increase in inflation over the following year would be more gradual”, the BOE said in the minutes.

The 10-year Treasury yield rose two basis points to 2.17% at 17:42 BST.