Inflation

Dirk Philippa, portfolio manager of the Fidelity Global Property fund, argues higher interest rates should not always be seen as a negative for real estate investors.

ECB cuts growth forecasts

UK inflation rises 0.1% in July to beat forecasts

Core inflation rises to highest level in five months

How manageable are economic threats?

Fund managers and economists have reacted to the surprise news that only one MPC member voted for a rate rise this month, saying the UK economy is 'not out of the woods yet'.

In its latest quarterly Inflation Report, the Bank of England has forecast inflation will remain low for longer than previously expected, as a result of weak energy prices and continuing currency strength.

Inflation falling back to zero should lead to a further boost in consumer spending throughout the rest of the year, according to industry commentators.

Housebuilders' shares have taken a dive in early afternoon trading after Bank of England governor Mark Carney said a hike in interest rates is "moving closer".

UK CPI inflation fell back to zero last month, down from 0.1% in May, as the prices of clothing, fuel and food all fell.