Bank of England governor Mark Carney has said it would not be "appropriate" to build a "war chest in interest rate terms" to use in case of future shocks, even as he predicted inflation will rise above 3% in the short term.
The UK rate of inflation rose to a five-year high of 3% in September, up from 2.9% the previous month, according to the Office for National Statistics (ONS). The ONS reported this morning the annual...
Tech giant still stands out
Reduces chances of rate hike
Designed to park short-term cash
Moving from two existing locations