-
Inflation in the eurozone fell to 1.8% in September, down from 2.2% in August, prompting speculation about potential interest rate cuts by the European Central Bank (ECB). With economic growth sluggish, markets now anticipate a rate cut at the ECB's upcoming meeting on October 17.
-
Recent economic data from the UK and Scotland reveals a mixed outlook. While the S&P Global construction PMI indicates significant growth, the services sector shows slower expansion. In Scotland, job creation is at a high, but manufacturing faces challenges. Meanwhile, Russia's manufacturing PMI signals a decline, marking the first drop since April 2022.
-
UK inflation fell to 1.7% in September, the lowest since April 2021, driven by lower petrol prices and airfares. This unexpected decline raises expectations for a potential interest rate cut by the Bank of England next month, impacting state benefits and pensions for the coming year.