The formula used by the Trump administration to calculate 'Liberation Day' reciprocal tariffs is based on trade deficits.

The NBS has clarified that the rebased CPI remains unchanged, pledging improved transparency in economic data publication.

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or ...

though central bankers are more inclined to base their decision-making on hard economic data than consumer sentiment. Most central bankers noted in their projections that the federal funds rate ...

While the headline rate jumped to 3% in January, the increase was driven by one-off factors and base effects, including VAT on private schools and a jump in airfares because of a shift in the ...

The base rate influences what banks and lenders charge customers for borrowing money, such as mortgages and loans, as well as returns on savings. Andrew Bailey, the governor of the Bank of England, ...

The world’s lowest interest rate is no longer in Japan but Switzerland after the Swiss National Bank cut rates by a quarter-point on Thursday. The SNB took its key rate down to 0.25% ...

Whatever happens, it's our job to make sure that inflation stays low and stable." The base rate significantly impacts the cost of mortgages and loans and influences the interest rates banks offer ...

Its previous decision, in February, was to cut rates from 4.75 to 4.5 per cent, taking base rate to 0.75 percentage points below its 5.25 per cent peak. The next decision will take place on 8 May.

The Bank of England has held the UK's base rate at 4.5%, in line with many economists' expectations. Analysts had said policymakers would be unlikely to cut borrowing costs during a period of mounting ...