Bank of England

The emerging market (EM) crisis sparked by China's economic slowdown will be much more damaging for developed markets than the 1997 Asian financial crisis, warn investors.

Top stories on PP online this week include Mark Carney warning fund giants and potentially higher FTSE 350 DB deficits.

The Consumer Prices Index (CPI) 12-month rate edged up to 0.1% in July, the sixth successive month it has been at or around zero.

Bank of England governor Mark Carney has been speaking to the largest fund management houses about how prepared they are for a mass sell-off that could follow an interest rate rise.

Schemes have been warned against expecting a rate rise this year after just one of the Bank of England's (BoE) Monetary Policy Committee (MPC) members voted for an increase this month.

The Bank of England (BOE) is unlikely to increase interest rates until the beginning of next year even though real wages have grown 2.7% in a year, economists say.

Sterling has fallen after the Bank of England downgraded its growth forecasts for the UK economy while indicating it could start to raise interest rates in mid-2016.

The burden on companies of plugging defined benefit (DB) pension scheme deficits may be hurting business investment, according to the Bank of England (BoE).

Inflation could return to the Bank of England's (BOE) 2% target by the end of the year if oil prices stabilise at current levels, according to Hermes Investment Management.

Natasha Browne examines the likelihood of negative inflation and the consequences for pension schemes.