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News updates from June 22: Titan submersible passengers die in implosion, BoE lifts interest rate to 5%

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June 23, 2023
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News updates from June 22: Titan submersible passengers die in implosion, BoE lifts interest rate to 5%
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The UK’s Covid-19 inquiry heard from former prime minister David Cameron, centre, earlier this week
The UK’s Covid-19 inquiry heard from former prime minister David Cameron, centre, earlier this week © Carl Courtroom/Getty Pictures

UK rates of interest: The Financial institution of England will unveil its newest coverage transfer, with a quarter-point rise to 4.75 per cent broadly anticipated. The intently watched choice follows disappointing inflation knowledge issued this week, which confirmed that value development remained flat in Might at 8.7 per cent, overshooting expectations of a slight fall. The chance of a half-point fee rise is 42 per cent, in accordance with Refinitiv, versus 58 per cent for a quarter-point improve.

EU shopper confidence: The June flash indicator is because of be printed. The gauge, which is based mostly on a survey of households, has steadily improved since March, rising to minus 17.4 in Might. 

Covid-19 inquiry: Chief medical officer for England Chris Whitty and Britain’s former chief scientific adviser Patrick Vallance give proof concerning the authorities’s pandemic response.

Company earnings: Packaging concern DS Smith, purse maker Mulberry and development tools rental firm Speedy Rent provide full-year efficiency knowledge, whereas brewer Whitbread broadcasts a first-quarter buying and selling replace and consulting group Accenture presents third-quarter earnings.



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