Bank of England ‘absolutely’ in for shake-up after Bernanke review, incoming rate-setter warns April 16, 2024 Lombardelli, who will take up her role on the Monetary Policy Committee (MPC) in July, will be responsible for implementing the Bank's response to the Bernanke review.
Nationwide and Virgin Money face mounting opposition to £2.9bn merger April 16, 2024 Nationwide's bid to acquire high-street rival Virgin Money is facing mounting opposition from members and analysts ahead of a shareholder vote.
Bernanke is right. The Bank of England must urgently improve its communications April 16, 2024 With the Bank set to pivot to rate cuts sooner rather than later, it is crucial it communicates its decisions clearly. Failure to do so could further erode public confidence in the Old Lady, Chris Dorrell writes
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?
JP Morgan profit surges on higher rates and First Republic purchase April 12, 2024 JP Morgan’s profit surged above expectations to $13.4bn in the first quarter of this year, up from $12.6bn a year earlier, thanks to higher interest rates and its takeover of First Republic. Revenue for the bank totalled $42.6bn, above expectations of $41.9bn, while earnings per share sat at $4.44, compared to estimates of $4.11. Significantly, [...]
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.
Hot US inflation figures ‘pretty much kill’ hopes of a June interest rate cut April 10, 2024 The figures come amid a growing debate about the timing of the Fed's first interest rate cuts. Markets have steadily pushed back the timing of the first cut, reflecting stubborn inflation.
Letter to the editor: Interest rates, the long and the short of it April 4, 2024 While short-term interest rates make news, many overlook long-term rates, which are reaching levels not seen in over a decade.
Could April’s minimum wage hike dent hopes of a June rate cut? March 29, 2024 The minimum wage will rise from £10.42 to £11.40 per hour, an increase of 9.4 per cent, in April. Will it push inflation higher?
As savers chase better returns from online-only accounts, bank branches wither March 27, 2024 Banks and savers alike are increasingly pulling back from branches, according to new research, as digital services offer lower operational costs for firms and better deals for customers.