Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. A top Federal Reserve official has backed more rate hikes if inflation remains at current levels. He says immigration and aggressive fiscal stimulus are likely to cause U.S. prices to rise faster than in other … Read more
MAJOR lenders are lowering mortgage rates as an incentive for borrowers. NatWest and Barclays have cut rates by up to 0.31%, while HSBC has announced it will cut rates from tomorrow (June 26). Three major lenders have cut mortgage rates in a positive signCredit: Alamy HSBC said more than 300 deals will be completed across … Read more
HSBC has announced a wave of interest rate cuts from tomorrow Barclays has cut fixed rates for homebuyers, including the best new purchases NatWest has cut rates for people refinancing – including some best buys Three major lenders have cut mortgage rates, which could mark the start of a downward shift in home loan pricing. … Read more
14 hours ago By means of Dearbail Jordan and Faisal Islam, Business reporter and economics editor Getty Images The Bank of England opened the door to a rate cut in August, which would be the first fall in borrowing costs in more than four years. In a close-run decision on Thursday, the Bank voted to … Read more
Get the free Morning Headlines email for news from our reporters around the world Sign up for our free Morning Headlines email The Bank of England has refused to cut interest rates from a 16-year high – despite inflation finally falling to reach its 2 percent target. Homeowners struggling with rising mortgages will be forced … Read more
General view of the Bank of England building in London. Sopa images | Light rocket | Getty Images It keeps the central bank’s policy rate at a 16-year high of 5.25%, where it has been since August 2023. Seven members of the Monetary Policy Committee voted in favor of maintaining it, while two members favored … Read more
Image source, Getty Images Item information Author, Mitchell Labiak and Kevin Peachey Role, Business reporter and correspondent cost of living 4 hours ago The Bank of England is expected to keep interest rates at 5.25% for the seventh time in a row on Thursday. They think the Bank will wait and see whether inflation remains … Read more
Image source, Getty Images Item information Author, Mitchell Labiak and Kevin Peachey Role, Business reporter and correspondent cost of living 2 hours ago The Bank of England is expected to keep interest rates at 5.25% for the seventh time in a row on Thursday. They think the Bank will wait and see whether inflation remains … Read more
LONDON — Britain had some reason to celebrate Wednesday morning as headline inflation hit the Bank of England’s 2% target for the first time in almost three years. But the print only served to convince further traders that an interest rate cut is not imminent. Money market pricing at 11am in London implied only a … Read more
Money market pricing at 11am in London implied just a 5% probability of a bank rate cut at Thursday’s BOE meeting – after registering stronger odds earlier in the week. Bets on an August cut were also cut to around 30%. While 2% inflation is an important milestone – not least as UK politicians set … Read more