Will UK mortgage rates rise even more if US inflation stays hot? April 13, 2024 London markets have been spooked by worse-than-expected economic data across the pond that has raised uncertainty over when central banks will start lowering interest rates. So what does this mean for mortgages?
Bank of England commits to ‘once in a generation’ reform after Bernanke review April 12, 2024 The review, launched last summer, was led by Ben Bernanke, who chaired the Federal Reserve between 2006 and 2014.
Premier Miton assets jump despite investors pulling millions from funds April 12, 2024 Asset manager Premier Miton saw investors continue to pull millions from its funds over the last six months, but managed to bring its assets under management up due to strong investment performance and an acquisition.
Traders expect fewer Bank of England interest rate cuts after US inflation surprise April 11, 2024 Markets think the Bank of England will cut interest rates just twice in 2024 reflecting concerns around the persistence of inflation.
Lenders expect higher default rates on mortgages and credit cards in coming months April 11, 2024 British lenders are seeing increasing demand for mortgages and credit card lending but higher default rates, according to an official survey, as households and businesses struggle with elevated borrowing costs.
Bank of England: Interest rate cuts should ‘still be way off’, MPC member Greene warns April 11, 2024 Greene argued that the UK was actually more at risk of persistent inflation than the US because it has "much more constraint" on the supply side.
What is the Bank of England’s ‘once in a generation’ Bernanke review? April 9, 2024 The review, launched last summer, was led by Ben Bernanke, who chaired the Federal Reserve between 2006 and 2014.
IMF warns central banks should be wary of leaving interest rates on hold for too long April 8, 2024 In a chapter from its latest World Economic Outlook, the IMF noted that different economies have experienced different effects from higher interest rates.
Bank of England should ‘loosen its grip on growth’ as labour market slack grows April 8, 2024 Starting salary inflation for permanent roles increased at its weakest rate in over three years, according to KPMG and the Recruitment and Employment Confederation's (REC) report on jobs.
Why lower interest rates might not offer much support to the UK economy April 6, 2024 Although the UK fell into a recession in the second half of last year, most economists are confident that growth will return this year.