Homeowners and potential buyers can expect further mortgage rate cuts in the coming weeks, real estate agents say. Major lenders have slashed their interest rates in recent weeks, and experts say competition to attract customers this summer will likely lead to further cuts this month. Barclays and HSBC both cut interest rates for the second … Read more
Stay informed with free updates Simply register for the German economy myFT Digest — straight to your inbox. The head of Germany’s central bank has urged the government to cut taxes, cut bureaucracy, boost the workforce and increase the carbon tax to boost the country’s declining attractiveness to investors. According to Joachim Nagel, president of … Read more
Stay informed with free updates Simply register for the Global inflation myFT Digest – delivered straight to your inbox. Central banks should not cut interest rates too quickly because of the risk of a new inflation flare-up, the Bank for International Settlements has warned. Policymakers around the world are considering how quickly to ease monetary … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Deutsche Bank has cut spending on external consultants at its private bank by 70 percent as the division tries to become more profitable after a badly failed IT project last year. Under the private bank’s … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The UK private equity sector has welcomed as “encouraging” shadow chancellor Rachel Reeves’ suggestion that buyout managers investing in their funds would continue to enjoy favorable tax treatment. The Labor Party has promised to raise … Read more
Santander has announced a wave of interest rate cuts on its mortgage products, which is a huge win for homeowners and homebuyers. The major lender is reducing rates to selected fixed rates across its purchase, remortgage, buy-to-let and new build ranges. In addition, Santander has announced the launch of a range of new two-year tracker … Read more
The rising political heat is complicating interest rate decisions in the US and Britain, where central banks are wondering whether to cut borrowing costs as voters prepare to go to the polls. The Bank of England and the Federal Reserve want to avoid any perception that they are cutting rates to help sitting governments, former … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The European Central Bank has cut interest rates for the first time in almost five years, faster than its US and British counterparts, but warns that price pressures remain high. The ECB cut the deposit … Read more
Image source, Getty Images Image caption, ECB President Christine Lagarde Item information Author, Lucy Hoeker Role, Business reporter, BBC News June 6, 2024 The EU became the second major global economy to cut lending rates this week as it said it had made progress in tackling inflation. The European Central Bank (ECB) announced a cut … Read more
He’s not exactly Bill Ackman, who yesterday acquired a net worth of $8.5 billion after selling a stake in his hedge fund, Pershing Square Capital Management, but after two years of doing little, Keith Gill, aka Roaring Kitty, it’s not bad either. Get morning coffee ☕ in your inbox. Register here. Estimates suggest he has … Read more