Bank of England

The Stockholm Stock Exchange Soared – Volvo Cars Slowed Down

The Stockholm stock exchange ended the trading day in a sunny mood. The OMXS index rose 1.4 percent. For Volvo Cars, it was heavier. The brake slammed on after a report and the stock slid down to its lowest level ever.

Two British Interest Rate Cuts in Sight

Inflation in the UK fell for the first time in three months in December, down to 2.5 percent, according to figures from the statistics agency ONS. The unexpected decline has led the market to start counting on two interest rate cuts from the Bank of England this year.

Unexpectedly high inflation in the UK

British interest rate remains at 5 percent

British Inflation Unchanged

The British inflation was unchanged in August. The price increases in annual terms were at 2.2 percent, exactly as in July and exactly as expected, according to a compilation of forecasts made by Bloomberg.

United Kingdom lowers interest rate

The United Kingdom's central bank, the Bank of England, is lowering the interest rate by 0.25 percentage points to 5.00 percent. "The inflation pressure has eased sufficiently for us to be able to lower the interest rate today," says the bank's chairman Andrew Bailey in a statement.

High British interest rate persists despite inflation fall

Midsummer Celebrations on the Stockholm Stock Exchange

The Stockholm Stock Exchange went into the Midsummer weekend on a high. After a cautious start, the exchange gained momentum during morning trading and at closing, the broad OMXS index landed at plus 1.1 per cent, in line with larger European exchanges.