Bank of England to cut interest rates to 2.75 per cent, Goldman predicts October 21, 2024 The US investment bank argued that Bank Rate would fall to as low as 2.75 per cent by November next year, whereas it had previously expected the terminal rate to be three per cent.
Longer-term mortgages are on the rise amid financial stability risk concerns October 17, 2024 In the first quarter of 2024, half of new mortgages had terms of 30 years or longer, up from just 12 per cent in the final quarter of 2005.
Wage growth eases again in boost for rate cut hopes October 15, 2024 Strong wage growth has been a concern for policymakers at the Bank of England due to fears that it could keep cost pressures elevated, particularly in the labour-intensive services sector.
The Notebook: Starmer leading like a civil servant isn’t working October 14, 2024 And it is leading to dangerous, unwanted and undemocratic policymaking – like the introduction of bank spying powers, writes Silkie Carlo This weekend marked 100 days of the new Labour government – a period of deliberate doom and gloom rather than honeymoon. As I wrote in my Notebook for this paper upon his election, Sir [...]
Bank of England should not adopt ‘aggressive’ rate cuts October 8, 2024 In an interview with the Guardian, Governor Andrew Bailey said there was a chance that the Bank could become a "bit more activist" on rate cuts in the months ahead.
Bank of England’s Huw Pill: ‘Ample reason for caution’ on interest rates October 4, 2024 Huw Pill, chief economist at the Bank of England, called for a “gradual” approach to cutting interest rates, citing continued concerns about the potential upside risks to the inflationary outlook. In a speech this morning Pill said there was “ample reason for caution” when assessing the dissipation of inflationary persistence. “While further cuts in Bank [...]
Bank of England survey suggests progress on inflation might be slowing October 3, 2024 The Bank's own decision maker panel (DMP), which surveys business leaders around the country, showed that wage and price pressures were more stubborn than anticipated last month.
Sterling falls as Bailey suggests Bank could become ‘ more activist’ on rate cuts October 3, 2024 The Governor's comments were seen as slightly more dovish than his previous guidance had implied, prompting markets to anticipate further rate cuts in the months ahead.
Millions set for mortgage payment shock this year October 2, 2024 Mortgagors refinancing over the next year will continue to see a big jump in their monthly repayments.
Bank of England: Markets need to be prepared for ‘severe but plausible stresses’ October 2, 2024 Officials at the Bank said that the “significant but short-lived spike in volatility and falls in equity indices” seen in early August demonstrated the risks facing global markets.