Changes to UK mortgage market cushions blow to borrowers from interest rate hikes February 7, 2024 Stressing is likely to have supported the "resilience of individual borrowers and the overall market," they noted.
Risk of persistent inflation ‘diminished’ as Bank of England considers timing of interest rate cuts, MPC member says February 7, 2024 "I have become less concerned that interest rates might need to be tightened further," Breeden, a member of the Bank of England's MPC, said.
Bank of England’s bond sales a ‘leap into the dark’, warn MPs – with £130bn of taxpayers’ cash in play February 7, 2024 The Bank of England's quantitative tightening programme is a "leap in the dark" with policymakers failing to consider the potential costs.
London jobs market struggles to recover from impact of hybrid working February 7, 2024 "The persistence of hybrid working and slowing in many professional services sectors continue to be factors weighing on hiring demand in the capital," the report noted.
Bank of England to cut interest rates in May as inflation forecast to undershoot target by summer February 7, 2024 Falling energy prices will push the headline rate of inflation below the two per cent target early this year, according to the National Institute of Economic and Social Research (NIESR).
FTSE 100 today: London markets likely to start higher, mirroring Asian peers February 7, 2024 Asian markets mirror the gains witnessed on Wall Street, supported by Beijing's escalating efforts to shore up its declining stock markets. Investors will closely monitor Fedspeak and UK house price data.
Neighbourhood watch: Keeping a close eye on the London Stock Exchange February 6, 2024 In the last couple of years, London's exchanges - particularly the flagship bourse, the London Stock Exchange - have been under scrutiny like never before.
Cut interest rates or risk ‘more profound’ impact on UK economy, Bank MPC member warns February 6, 2024 Swati Dhingra, the only member of the MPC to back a rate cut last week, warned that the Bank of England was "underplaying the downside risks".
EY warning: Higher interest rates could cost UK firms £25bn over next three years February 6, 2024 Luke Reeve, partner and head of debt advisory at EY, said the adjustment will be "untenable" for some.
Hopes of lower interest rates fuels optimism in the construction sector February 6, 2024 The sector has been hit hard by rising interest rates, which have sent a chill through the housing market and depressed new construction projects.