Millions set for mortgage payment shock this year October 2, 2024 Mortgagors refinancing over the next year will continue to see a big jump in their monthly repayments.
Shop prices fall further into deflation as battle to ‘entice’ consumers continues October 1, 2024 According to the British Retail Consortium (BRC), shop prices fell 0.6 per cent in the year-to-September, down from 0.3 per cent the previous month.
Mortgage approvals hit highest level in two years as housing market recovers September 30, 2024 According to figures from the Bank of England, 64,900 mortgages were approved last month, up from 62,500 in July.
Markets doubt Bank of England’s cautious approach to interest rates September 30, 2024 The Bank of England held interest rates at five per cent last week, having cut rates for the first time since the pandemic back in August.
Bank’s Megan Greene calls for ‘steady-as-she goes’ approach to cutting interest rates September 25, 2024 Megan Greene, one of the Monetary Policy Committee's (MPC) more hawkish members, said a "gradual approach" to lowering borrowing costs was "appropriate" given the balance of risks facing the economy.
Bank of England’s Bailey doubts interest rates will fall back to near zero September 24, 2024 With inflationary pressures easing, rate-setters cut rates for the first time since the pandemic in August. However, they subsequently voted 8-1 to keep rates steady last week.
US Fed’s preferred inflation metric set to validate jumbo rate cut September 22, 2024 Crucial US inflation data is poised to back up the Federal Reserve's jumbo interest rate cut as investors question where other central banks will follow in its footsteps.
UK economy: After a busy week, the foundations look solid September 20, 2024 With inflation low and further rate cuts to come the UK economy remains on relatively solid foundations.
Bank of England’s Mann warns of ’embedded’ UK inflation risk after decision to hold September 20, 2024 "Structural behaviours in UK labour and product markets appear to have systematically embedded inflation," she said in a speech in Lithuania.
Investec set for profit boost despite challenges in the UK September 20, 2024 Investec delivered an upbeat trading update for the first half, with profit on track to increase compared to last year despite challenges in the UK. The bank expects adjusted operating pretax profit in the six months to September to be between £450m and £482m, up from £441m in the same period last year. Headline earnings [...]