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Bank of England holds interest rates despite Iran war inflation threat – as it happened

Live, rolling coverage of business, economics and financial markets as three members of monetary policy committee vote to raise rates

US economy grows sluggish 1.5% in second quarter as inflation tops Fed target

Consumer spending remained resilient even as policymakers kept interest rates on hold

Only the Middle East crisis is preventing a drop in UK interest rates

Bank’s wariness about inflationary pressures from the conflict lie behind decision to hold steady at 3.75%

US borrowing costs hit 19-year high as Fed holds interest rates

Bank’s chair pledges to keep up fight against inflation but decision brings fears of a failure to keep pace

UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts

Leading thinktank says higher oil prices and inflation will give Andy Burnham a ‘challenging inheritance’

Marmite and Dove owner Unilever warns of price rises due to growing costs

Consumer goods group reports strong sales growth, owing in part to World Cup marketing campaigns

Oil prices fall as US pauses strikes on Iran over strait of Hormuz

Brent crude drops 9% to below $88 a barrel, prompting UK government bond yields to fall

Rising oil prices could force up UK interest rates, say economists

Bank of England expected to keep rates on hold on Thursday but renewed Iran conflict casts shadow over energy costs

Gary Stevenson to quit YouTube channel, citing health concerns

Former City trader’s weekly Gary’s Economics videos took off during the Covid pandemic

‘Burnham bounce’ risks deflating unless focus remains on struggling households

UK’s inequalities expose splits in consumer economy, with spending suffering and a decline in savings among the poorest

Can Japan avoid a Liz Truss-style shock as its PM embarks on a giant spending spree?

Sanae Takaichi’s blueprint to inject £1.7tn and double economic growth leaves many investors fearful

Australian households face prospect of interest rate hike and petrol prices rising above $2 a litre

Economists’ warning comes as escalating Middle East crisis pushes global crude oil back above $US100 a barrel

Trump imposes fresh tariffs on UK, EU and dozens of other trading partners

New tariffs will replace 10% global duty and come after US supreme court declared many of the earlier levies illegal

Oil prices near $100 a barrel after US attacks Iran and Houthis hit tankers in Red Sea – as it happened

Live, rolling coverage of business, economics and financial markets as traders fear attacks from Yemen and Iran creating ‘two-chokepoint problem’

Think you have a handle on how Australia’s economy works? Take the RBA’s quiz and find out

The Reserve Bank wants Australians to understand how its interest rate decisions affect inflation, employment and growth

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