Inflation

If Greece leaves the euro, banks across the Continent will suffer "horrifying" consequences, with a run on banks worse than anything seen before, said M&G's bond star Jim Leaviss.

UK CPI inflation fell from 5% to 4.8% in November, the Office for National Statistics said, in line with economists' forecasts.

Today the People's Bank of China (PBC) has slashed reserve requirements for all banks by 50 basis points from December 5.

The UK will take five and a half years to recover to pre-recession levels, said Bank of England external MPC member Martin Weale in a speech today to the National Institute of Social and Economic Research (NIESR).

The Bank of England's Monetary Policy Committee voted unanimously in favour of keeping bank rate at a record low of 0.5% and maintaining QE at current levels, while warning inflation is unlikely to fall as fast as expected.

Fidelity Worldwide Investments has launched an Emerging Markets Inflation Linked Bond fund for Andrew Weir.

Consumer Prices Index inflation could fall to 3% by the end of Q1 2012 as the impact of the VAT hike and high oil prices falls away.

Consumer Prices Index (CPI) inflation dropped to 5% in October, down from 5.2% the previous month, the Office for National Statistics said today.

The Bank of England (BoE) has kept interest rates at the historic low of 0.5% for the 33rd straight month, and held fire on additional quantitative easing measures after pumping an extra £75bn into the facility last month.

Inflation across Europe remained at a three-year high in October despite the economic slowdown across the region.