International - Financial Times - Credit Squeeze

Andrew Bailey signals caution on further cuts even as central bank responds to signs of slowing economy

Inflationary pressures are beginning to wane. Explore the latest data through interactive charts

New forecasts show that policymakers expect firmer growth and inflation at target in the medium term

Tight vote disguises a consensus in favour of further monetary easing in 2026

Also in today’s newsletter: Trump’s address to the nation and Lula threatens to sink Mercosur trade deal

Its disjointed response to electric vehicles shows it cannot co-ordinate

Also in this newsletter: Mercosur’s last chance

Carve-out for big American companies was agreed when Ottawa held G7 presidency

Warning comes after Italy and France pushed to delay vote on landmark agreement with South American nations

Pound weakens as figure strengthens case for BoE rate cut this week

Data bolsters expectations Bank of England will cut interest rates on Thursday

Also in today’s newsletter: JPMorgan pulls $350bn from the Fed and the year’s biggest IPO

Brussels confirms plans to extend CBAM to downstream products such as washing machines and garden tools

Inflation figures were much more encouraging than the Monetary Policy Committee was expecting

While markets were buoyant this year, volatility is never far away

Internal challenges to the authority of the chair may prove to be a safeguard of the central bank’s overall credibility

Ivanhoe Atlantic’s ‘Liberty Corridor’ would supply iron ore to US and allies but faces opposition in west Africa — and Washington

President’s affordability measures undercut cattle producers in favour of consumers

Martin Wolf and Paul Krugman reply to listeners’ questions and comments

Brent crude falls to lowest level in almost five years