City bank staff employed by Deutsche Bank in London were devastated to hear the news that they had suddenly lost their jobs after an announcement on Sunday (July 7) that the bank will shed 18,000…Read more…
Deutsche Bank U-turn on deflation
At 0.5%, CPI inflation in December fell below the consensus forecast (0.7%) and way below the Bank of England’s November Inflation Report forecast for 1.0%. This is approaching deflationary territory, and I set out my own views yesterday. Understandably the government is desperately trying to…Read more…