Restarting production

Restarting production

Slower growth, high inflation makes awkward reading for Bank of England

  • #Oil prices fell about 1% to end the week as energy companies in the U.S. Gulf of Mexico restarted production after back-to-back hurricanes in the region shut output
  • Bank of England rate-setters who may be tempted to vote next week for an early end to their COVID-19 stimulus plans are likely to hold off for now, with a slowing economy but surging inflation making for a tricky backdrop
  • The #dollar held near three-week highs against a basket of major currencies after a raft of strong U.S. economic data rekindled expectations for earlier policy tightening by the U.S. Federal Reserve


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