From Calm to Chaos and Back Again. A Lighthearted Look at Daily Financial News and Events Moving Global Markets
Charles Schulz was an American cartoonist and the creator of the comic strip Peanuts, featuring his two best-known characters, Charlie Brown and Snoopy.
Inflation dropped to 3.9% in the year to November 2023, down from 4.6% in October 2023. Other than fuel, slowing food and household items were also behind the drop.
Inflation has fallen a long way from its peak in 2022, it is still almost double the Bank of England’s 2% target.
The Bank has put up interest rates 14 times since December 2021 to try to slow price rises, pushing up savings rates but also borrowing costs.
The Bank of England Interest rate is currently at 5.25%, a 15-year high.