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Consistent with both the consensus forecast and that of the Bank of England, UK inflation was 3.4% in May. This reinforces the already strong expectation that the central bank will leave interest rates unchanged at tomorrow's MPC meeting. #economy #markets Bank of England

While on central banks, look for the US Federal Reserve to leave interest rates unchanged today. There is considerable interest in: The extent to which it will lower its growth projection. What it does with its inflation forecast. Whether the dot plot will leave two rate cuts

Thanks Lisa Abramowicz An additional consideration to add to an already fascinating debate on what various data insights, quite a few of which are contradictory, are trying to tell us about the outlook for the US economy. As noted in the previous post, this and uncertainties on

The latest speech by Pan Gongsheng, Governor of China's central bank, is an important read. He goes quite far in describing a future multi-polar global order where "a few sovereign currencies co-exist" as reserve currencies, "competing with each other and checking and balancing

Among the interesting outcomes of today's Federal Reserve policy meeting, which left interest rates unchanged, was a discernible stagflationary flavor in the 2025 projections: Growth was downgraded by 0.3 percentage points to 1.4%, while core inflation was raised by the same

Like the Bank of Japan and the Federal Reserve earlier this week, the Bank of England is widely expected to leave interest rates unchanged today. As with the Fed (please, see yesterday’s post), attention will be on (i) how the central bank frames the evolution of the trade-off

"Throughout this, I was driven by a simple thing: love and passion." From the third clip (below) from the Cambridge Chancellor webinar, which contains a summary of my multi-decade involvement with the University of Cambridge. (Find more campaign information and sign up for

As expected, the Bank of England kept interest rates unchanged at 4.25%. The Governor's remarks will influence the markets' expectation that the Bank of England will maintain the pace of a rate cut every second meeting (the last one was in May). #economy #markets Bank of England

Up another 1% today, Brent crude oil is approaching the $78 per barrel mark. The longer the price remains at or above this level, the greater the concerns about risks to both economic growth and inflation, especially as geopolitical tensions continue to drive volatility in energy

Those concerned about a strengthening stagflationary wind in the global economy will take note of today's UK and Japan data releases. UK retail sales in May plunged by 2.7%, marking the most significant contraction in 18 months and significantly missing the consensus forecast of

The annual “staff versus student” football game was well played and hard fought, ending in a 1-1 draw. It was also a fantastic afternoon for many of us on the sidelines, cheering and enjoying the great atmosphere. Queens'​ College, Cambridge University of Cambridge #cambridge

A calm Saturday morning on the River Cam… for now. Lots of punts are being readied, soon to navigate the river—and each other! #cambridge Cambridge University Queens' College Queens' Alumni & Development A Cambridge Diary #cambridgechancellor

From my column in The Spectator discussing the outlook for UK universities, how Cambridge can benefit from the opportunities and mitigate the risks, and the case for “a Chancellor for a new era:” spectator.co.uk/article/cambri… (For more background information: chancellorforanewera.co.uk )

“Twelfth Night,” the BATS annual Shakespeare production in Cloister Court, was a resounding triumph. Huge congratulations to the talented actors, directors, and crew—an outstanding achievement. Very well done! Queens' College Cambridge University

A lot can happen in the next 24 hours, just as in the last 24. If markets were open now, we would likely see a jump in oil prices, lower equities, and higher gold. The outlook for US government bond yields is less clear—a notable shift for longtime market watchers. #Markets

The Fitzwilliam Museum is one of the many amazing places in Cambridge that I encourage everyone to visit. Its rich collections and stunning architecture offer a unique glimpse into art and history that truly enriches the experience of the city. #cambridge Cambridge University

Not so long ago, developing countries viewed the global economy as a potential accelerator and multiplier of their domestic development efforts. Today, that is no longer the case for most as the global economy has become a source of repeated negative shocks—affecting foreign

Earlier today, we said goodbye to our amazing and much-loved Bosa — the best dog our family could have ever wished for. There is no way to adequately describe the joy and love that Bosa brought into our lives. For the past 14 years, she was always there for us—full of happiness,

I’m getting a lot of questions about the global economic implications of the latest Middle East developments. I'm doing my best to address them, even as I grapple with the enormous sadness I feel about Bosa's loss. The extent of the direct effects on the global economy remains

FYI, the link to today's CNBC conversation with Carl Quintanilla , David Faber and Sara Eisen -- on the market reaction to the US bombing of Iran and the economic implications. Thank you Carl, David and Sara for having me on your show. cnbc.com/video/2025/06/… #economy #markets