The renowned economist and investor Mohamed El-Erian is chief economic adviser at Allianz, the parent company of Pimco, one of the world’s leading providers of

Metro Bank’s last-minute deal to shore up its capital position was a relief both to the lender and the UK banking industry as a whole.

Expectations increasingly drive inflation dynamics. Improvements in monetary policy frameworks can better inform people’s inflation expectations and thereby help reduce inflation at lower output cost.