Fed, ECB and other leaders say tight labour markets mean most aggressive tightening in a generation must continue

Bank of England watchers had expected a quarter point increase

Minister for Finance’s officials write to Central Bank asking for its views on its legal powers

UK chancellor Jeremy Hunt to announce fiscal package involving yet more U-turns on Kwarteng mini budget

Analysts say prime minister’s decision to ditch £18bn corporate tax cut was not ‘enough of a pivot’

Agency says outlook shaped by high inflation and declining expectations in manufacturing

War in Ukraine cited as driver of policy

Fund advises poorer households be spared in favour of wealth taxes on richer people

Inflation could become endemic if wage demands become entrenched

UK central bank warns cost-of-living rises will soon top 7%

Investors expect Bank of England to raise rates next week

State company rejects allegations that it profited from electricity supply squeeze

Surge in vacancies leads to speculation that BoE may raise interest rates

But shar slowdown in effect as bottlenecks in the economy mount up

Irish bank stocks continue good run from earlier in week, tracking wider European surge

Economists had expected a 0.1% drop for month of June but instead, sales rose by 0.5%

Travel and energy stocks head for weekly loss

Dalata and ICG among the main decliners in Dublin

Menopause drives scores of women out of the workforce every year

Inflation is expected to accelerate in the coming months as economy rebounds