International - Financial Times - Credit Squeeze

MPC stresses its only objective is to ensure inflation remains at its target rate of 2%

Short-term crisis management in shipping should not be mistaken for fatal weakness in trade

Heed the lessons from 2022

Also in today’s newsletter: The Federal Reserve holds rates as energy prices rise and Delcy Rodríguez overhauls her cabinet

Figure comes ahead of Bank of England decision on interest rates

Limited new information was made available on when the central bank might move next

Plus, the stock market’s wartime reversal

Also in this newsletter: DHL Express Europe looks on the bright side

It’s expanding the scope of research but challenging the profession’s process of weeding out mistakes

Central bank still strikes hawkish tone, suggesting increases later in year

Move brings Britain in line with US, EU and Canada which have sought to bolster domestic producers

Short-term borrowing costs jump to highest level since last summer as central bankers lift forecasts for price growth

Chair Jay Powell says ‘several participants’ suggested the central bank’s next move could be to tighten monetary policy

Statement notes elevated uncertainty from events in the Middle East and risks to both sides of the dual mandate

The highly globalised UAE has felt the impact of conflict more than insular Saudi Arabia

EJ Antoni, the one-time pick to lead key statistics body, says inflation was ‘worse than we thought’ even before conflict

FT-Booth Survey shows unease about impact of the conflict on growth and prices

Bank of England now expected to keep interest rates on hold at its meeting on Thursday

Keir Starmer has made clear the government is unlikely to intervene at scale until higher prices hit consumers

A former head of the Council of Economic Advisers explores how and why downturns happen