Banks hike mortgage rates as Bank of England interest rate cut expected to be delayed
Rates have fluctuated recently as views have changed on when the Bank of England will cut interest rates after UK inflation slowed less than expected in March. Figures released by the ONS last Wednesday morning showed that inflation was 3.2 per cent in March, slightly higher than the 3.1 per cent predicted by economists.
The interest rate challenges facing the Bank of England
Inflation may be decelerating in the UK but the level of prices is far higher than only three years ago. This helps explain why the cost-of-living crisis
Bank Of England Set To Cut Rates Before The Fed As Officials Turn Dovish
The Bank of England is right to draw a distinction between the UK and US inflation outlook. We expect the first rate cut to be in August or maybe even June. Click to read.
Bank of England rate futures price in first cut in August
Interest rate futures on Monday fully priced in a first quarter-point interest rate cut by the Bank of England for August and see two rate cuts before the end of the year, an earlier start to cuts than priced in last week.
Mortgage costs rise as banks confirm higher rates
Many homeowners could face higher monthly payments after some of the UK’s biggest lenders confirmed mortgage rate increases. HSBC, NatWest, Barclays, and Leeds Building Society have raised their rates on fixed-term loans,
Bank of England policymaker warns against cutting interest rates too soon
The Bank of England should be wary of cutting rates too soon after years of above-target inflation, a senior policymaker has warned, as he reiterated the need for “restrictive m
UK finance ministry names Liz Oakes to Bank of England FPC
Britain's finance ministry has named financial services executive Liz Oakes to the Bank of England's Financial Policy ...
Bank of England Will Overhaul Its Forecasting After Inflation Surprises
The review, which was led by Ben S. Bernanke, a former Federal Reserve chair, came after the central bank had been criticized ...
The Guardian3d
Bank of England’s chief economist dampens hopes of summer interest rates cut
Huw Pill warns inflation could rebound as UK business survey signals economy strengthened over last month The prospects of a summer cut in UK interest rates have receded after the Bank of England ...
Bank of England looks to shine a light on private equity leverage
Regulators need to shine a light on the $8 trillion global private equity sector, as opaque leverage makes it hard to get a ...
Bank of England Official says UK on Cusp of Payments Revolution
Bank of England Deputy Governor Sarah Breeden said the UK is on the cusp of a technological revolution in finance that will ...
Datacenter Dynamics7h
Crown Hosting Data Centres wins Bank of England contract
The UK's Crown Hosting Data Centres (CHDC) has been awarded a contract with the Bank of England for information storage ...
This is Money1d
When will interest rates fall? Forecasts on when base rate will go down
The Bank of England will cut the base rate to around 3 per cent by in 2025, according to the latest forecasts from Capital Economics. Wider market expectations continue to also all point towards ...
JD Supra2d
UK: The FCA, Bank of England and PRA issue their strategic approach to regulating AI in response to the government’s AI White Paper
Publications from the Financial Conduct Authority (FCA), the Bank of England and the Prudential Regulation Authority (PRA), each dated 22 April 2024, signal a principles-based approach for the UK ...
It’s time to revisit Bank of England independence
Independence should not mean the Bank of England is shielded from government scrutiny and accountability to the public ...