Investec – Latest stories from Nourish

a { color: #880000 !important; background: #ffeeee !important; } Latest News from NourishThe Nourish Mission (formerly OneSub)Get answers to today's big questionsWhy is Investec in the news at the moment?

Investec stays in the news as global inflation and UK rate hikes hit its markets; a major player in banking and wealth mgmt across Europe, Africa, Asia.

Stories involving Investec

UK Economy Shrinks Again

Official figures show the UK economy contracted by 0.1% in October, marking the second consecutive monthly decline. The slowdown is linked to pre-Budget uncertainty, a cyberattack on Jaguar Land Rover, and subdued consumer spending. Economists expect a Bank of England rate cut next week amid ongoing economic fragility.

Central Banks Hold Rates Amid Inflation Concerns

The US Federal Reserve and Bank of England have paused interest rate cuts due to persistent inflation and economic slowdown. The Fed cited cautious signals, while the BoE expects to hold rates until inflation eases further. Market reactions reflect uncertainty about future monetary policy moves.

Global Inflation Remains Elevated

Recent data shows UK inflation steady at 3.8% for September, below expectations, with food prices falling. Japan's inflation stayed at 2.8%, while euro area growth slowed to 0.9%. Central banks face pressure to adjust policies amid persistent price pressures.