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UK inflation holds at 4% in January

CPI: 4.0% YoY (Dec: 4.0%); Core CPI: 5.1% YoY (Dec: 5.1%)

UK Economic Inactivity and Long-term Sickness

Post-covid trend of the economic inactivity in the UK

BoE to run system-wide evaluation on financial system including non-banks

Bank of England will conduct a system-wide exploratory scenario (SWES) exercise on the UK financial markets to see how well both banks and non-bank financial institutions can handle stress market conditions.
Biden announces ban on Russian energy

US bans energy imports from Russia

"Russian oil will no longer be acceptable at US ports," President Biden said.

Economy