Bank of England holds interest rates – what does it mean for mortgages? December 14, 2023 The Bank of England has held interest rates at 5.25 per cent for the third time in a row, offering a glimmer of hope for the mortgage and property market. Steve Seal, chief of Bluestone Mortgages, said that today’s decision to leave rates untouched will be welcomed by “would-be and existing borrowers, who have felt [...]
Bank of England holds interest rates despite some policymakers voting for further hikes December 14, 2023 The Bank of England has left interest rates on hold at 5.25 per cent for the third time in a row. The move was in line with economists' expectations.
Happening today: Bank of England expected to hold interest rates December 14, 2023 The Bank of England is expected to hold interest rates for the third time in a row, as fresh data has pointed towards potential cracks in the economy. Today, its Monetary Policy Committee (MPC) will meet for the final time this year to vote on interest rates – which help dictate mortgage rates set by [...]
Federal Reserve hold rates for third time but hints at future cuts December 13, 2023 The US Federal Reserve has kept interest rates on hold for a third time in a row, as “inflation has eased over the past year but remains elevated”. The announcement from the Federal Open Market Committee (FOMC) today sees the federal funds rate remain between 5.25 per cent and 5.50 per cent, its highest level [...]
Fear within UK small businesses peaks as economy shrinks December 13, 2023 Fear within UK small businesses has peaked today as the 0.3 per cent fall in October's GDP reignites a surge in economic concerns.
Paragon Bank extends two-week rally after RBC upgrades specialist buy-to-let lender December 13, 2023 Paragon Bank shares rose as much as 2.7 per cent on Wednesday in the specialist lender's 11th consecutive session of gains after RBC Capital Markets upgraded the stock to outperform from sector perform on the back of strong full-year results.
GDP falls sharply in October as UK economy recession fears re-ignite December 13, 2023 GDP fell 0.3 per cent in the month of October, reigniting fears that a wave of interest rate hikes have strangled UK growth.
Basel III rules set to have ‘low’ impact on UK banks compared to US, says Bank of England December 12, 2023 International rules on bank capital are set to have a "low" impact on UK lenders, according to new adjustments from the Bank of England, as Wall Street warns the same framework could significantly weaken lenders in the US.
Are dividends under threat at Vodafone, BT and peers? December 12, 2023 Why are dividends looking unsustainable for big telecom companies at a time when connectivity is so important?
UK jobs figures bolster case for interest rate hold but ‘experimental’ unemployment data ‘difficult to trust’, analysts say December 12, 2023 The latest UK jobs data has bolstered the case for the Bank of England to hold interest rates on Thursday, according to analysts, as the labour market shows signs of cooling but inflationary pressures still remain.