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Rate-setters in Frankfurt stood pat on rates on Thursday, but said that it would be correct to lower interest rates if its next set of projections, in June, increased their confidence that inflation was headed lower.
The Bank of England’s Megan Greene has cautioned against near-term cuts to interest rates, citing ongoing inflationary pressures.
London’s FTSE 250 was down 0.2% at 19,772.85 in afternoon trade on Thursday.
Botswana Diamonds announced the discovery of a second anomaly on Thursday, close to another anomaly announced on 23 January.
The government is investing more than £55m in expanding facial recognition systems – including vans that will scan crowded high streets – as part of a renewed crackdown on shoplifting. The scheme was announced alongside plans for tougher punishments for serial or abusive shoplifters in England and Wales, including being forced to wear a tag to ensure they do not revisit the scene of their crime, under a new standalone criminal offence of assaulting a retail worker. – Guardian