Public sector pay rises unlikely to drive up inflation, says Bank of England after interest rate cut – as it happened

City economists predict further cut in November, after first reduction in UK interest rates since 2020, as Bank lifts its growth forecast for this year

Relief for borrowers as UK interest rates cut but little sign big reductions to come

Incremental cuts likely over two to three years with rates expected to stay well above pre-Covid levels of 0.75%

World Bank warns 108 countries risk being stuck in ‘middle-income trap’

Too many nations, including China and India, are relying on outmoded strategies to become advanced economies, says report

How will Bank of England interest rate cut affect my finances?

From mortgages to savings and from loans to credit cards, we look at impact of quarter-point cut to base rate

Bank of England braced for knife-edge interest rate decision

Markets predict quarter-point cut to 5% when policymakers’ decision is announced on Thursday

The cynical spectre of Osbornomics is haunting the Labour party

Emergency cuts, empty pockets, a ‘maxed-out credit card’: why is Rachel Reeves using the language and logic of austerity, asks Guardian columnist Aditya Chakrabortty

Fed will hold interest rates steady but officials hint rates could be cut this year

Chair Jay Powell says central bank ‘getting closer to the point’ of possible rate cut – ‘but we’re not quite there yet’

Boeing appoints Kelly Ortberg as new chief executive – as it happened

Live coverage of business, economics and financial markets as 64-year-old aerospace veteran becomes latest boss tasked with turning around US manufacturer’s fortunes

Reeves accuses Hunt of £22bn lie; nonsense, he says. What’s the truth?

Shadow chancellor says successor confected story of ‘black hole’ to distract from tax rises, but things are not clearcut

Germany on brink of recession; eurozone beats forecasts with 0.3% growth; US job openings fall – as it happened

Rolling coverage of the latest economic and financial news, including growth figures from across the eurozone

Australia’s inflation rise could light the fuse on an early election

The government’s popularity may pivot on Wednesday’s CPI figures and a pre-Christmas poll would be a prospect if it viewed the RBA’s job was done

France’s GDP gets €1bn lift from giant cruise ship as German economy shrinks

Analyst says eurozone could have turned a corner as it avoids recession with 0.3% growth

Tuesday briefing: What Rachel Reeves’ ‘tough choices’ mean for Britain

In today’s newsletter: The new chancellor announced a series of public spending cuts, blaming the previous government while also looking to their playbook

The billions Britain needs are at Rachel Reeves’s fingertips, and no fiscal promises need be broken

These initial cuts must be followed by an autumn budget that taxes the richest and focuses on growth, says the Guardian columnist Polly Toynbee

Poor weather and cost of living crisis drive UK summer spending down

Figures show weak consumer demand persisted in June and July as Bank of England ponders interest rate decision