The Bank of England lowered its Bank Rate by 25bps to 4.75% in its November 2024 decision, as expected, marking the second rate cut in four years following the start of its cutting cycle in August. 8 of the 9 MPC members voted for a cut, above expectations of 7 votes, while Catherine...
The average one-year fixed savings rate today is 5.35%; The average easy access savings rate is 3.19%; The average one-year fixed Cash ISA rate is 5.21%; The average easy access ISA rate is 3.29%. Lib Dems: Interest ra...
The increase, which took inflation further away from the Bank of England's target of 2%, was in line with market expectations. This is the biggest increase since March, leading economists to rule out any prospect that the Bank of England will cut its main interest rate from...
UK small caps tumbled in 2022 and spent much of 2023 treading water, as rising interest rates took their toll. Small caps are particularly vulnerable to rising rates, as they typically have more floating-rate debt than larger companies. However, as expectations for rate cuts ramped up over the...
The UK will avoid a recession despite the impact of the Bank of England's interest rate hikes, new forecasts from the EY Item Club say.
A Case Study in Interest Rate Risk Banks and other depository institutions often deliberately mismatch the durations of their asset and liability portfolios to profit either from term premiums or from their own expectations (guesses) about where interest rates are headed. Depository institutions character...
U.K. inflationfell sharplyto 1.7% in September, ramping up expectations for a November rate cut from the Bank of England. The reading, which came in below expectations, marked a significant decline from August's 2.2% print and the first time inflation has fallen below the BOE's 2% target...
UK inflation increase solidifies expectations interest rates will be kept on hold ECB President Christine Lagarde reiterated this week that the bank would make decisions based on the latest data and keep rates high as long as needed to reach its inflation goal. Energy prices plunged 11.5% from...
TheBank of Englandincreased interest rates by 0.25 per cent to 5.25 per cent this week, taking the base rate to the highest level since April 2008, to fight inflation which currently stands at 7.9 per cent. The rise was in line with market expectations. ...
The 24 Hours of Rate Cuts That End Year of Global Central-Bank Easing Bloomberg UK inflation increase solidifies expectations interest rates will be kept on hold - The Atlanta Journal Constitution Published: Wed, 18 Dec 2024 09:58:25 GMT UK inflation increase solidifies expectations interest ra...