Economics

Chancellor issues warning after nearly 5% FTSE drop

Blue-chip index fell below 6,000 for first time since 2013

Rathbones' Julian Chillingworth analyses the key considerations for central bankers as they decide on the trajectory of future monetary policy.

Only one member voted for a hike in July

UK inflation rises 0.1% in July to beat forecasts

Core inflation rises to highest level in five months

BoE chief asks 135 groups for liquidity information

Greece has finally reached a bailout deal with its lenders after 23 hours of talks, which will see a further €85bn package handed to the struggling country.

Fund managers are concerned the Chinese central bank's shock move to devalue its currency could lead to the renminbi depreciating further, sparking heightened capital flight from the region and the rest of Asia.

Global economist Nouriel Roubini argues that rating agencies are no longer fit for purpose as they are 'backward looking' and have managed to escape any real scrutiny following the financial crisis.