Money Minute Wednesday 18 December: UK inflation and German confidence
In today's Money Minute we have the latest UK inflation rate, and a snapshot of business confidence in Germany.
In the UK this morning, hot on the heels of yesterday's employment data, we have inflation figures for November.The rate of inflation is expected to remain at around 1.5%.That's well below the Bank of England's central target of 2%. And that may well remain the case for some time.
If the pound continues to strengthen in the wake of the decisive election result, that will also help to keep a lid on inflationary pressures.In turn, that could free the way for the Bank of England to leave interest rates at current low levels, or even cut should it be seen as necessary.
Meanwhile over in the eurozone, we get the latest snapshot of business confidence in the German economy.All eyes are on the eurozone's biggest economy. There have been some hints that the worst is past for German manufacturing, but other data releases have indicated that the sector remains firmly in the doldrums.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Most analysts expect to see little change on that front today.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Ofgem proposes new energy tariffs with low or no standing changes
Standing charges have invited public backlash as households battle high energy bills
By Katie Williams Published
-
Google shares bounce on Gemini 2.0 launch
Google has launched the latest version of its Gemini AI platform, and markets have responded positively. Is it time to buy Google shares?
By Dan McEvoy Published