Bank of England to take heart from positive surveys as markets wait on interest rate cuts June 7, 2024 Although there were no major releases, two surveys showed encouraging signs that inflationary pressures were easing, welcome news after April's inflation data came in hotter than expected.
House prices ‘static’ with interest rate cuts on the horizon June 7, 2024 London remained ahead of the country, with the median price of a house nationally at £288,688, compared to London which was £536,821, 0.2 per cent up on what it was last year.
ECB cuts interest rates by 25 basis points but warns on ‘elevated’ inflation June 6, 2024 A number of smaller central banks have already started cutting interest rates, including the Swiss, the Swedish and the Canadian.
More good news for the Bank of England as firms expect wage and price pressures to ease June 6, 2024 Yet another survey shows that the Bank of England's interest rate hikes are slowly squeezing inflationary pressures out of the economy.
Recovery in construction sector continues as activity builds to two-year high June 6, 2024 An upturn in commercial property helped push construction activity to its highest level in two years, a new survey shows.
ECB to cut interest rates but path beyond June ‘still open’ June 6, 2024 "The rationale behind the cut will be to very gradually reduce the level of monetary policy restrictiveness without ending restrictiveness," Carsten Brzeski, ING's global head of macro said.
R&D investment must be key priority for next government, audit body urges June 6, 2024 In a manifesto released today, the Institute of Chartered Accountants of England and Wales (ICAEW) called on the next government to get R&D investment above three per cent of GDP.
Square Mile and Me – The Bank of London CEO Anthony Watson: It’s still revolutionary to be visibly gay in banking June 6, 2024 Anthony Watson, CEO of The Bank of London, tells us why the City still has a long way to go to improve LGBT inclusivity.
Interest rate cuts edge closer after ‘very encouraging’ inflation news June 5, 2024 Following today’s release, Rob Wood, chief UK economist at Pantheon Macroeconomics, said April’s worryingly high inflation figures were a “flash in the pan”.
Paragon Banking: Buy-to-let specialist posts surge in profit and raises buyback June 5, 2024 Paragon Banking Group, one of Britain's leading buy-to-let mortgage lenders, has reported a surge in profit and boosted its share buyback programme, despite a drop in home loan volumes as higher interest rates put off borrowers.