Since the ONS released the data, the UK market has been waiting for the Monetary Policy Committee to decide on interest rates.
In a note, Ashley Webb, U.K. economist at Capital Economics, underlined the recent trend of British GDP increases in recent months — barring the lack of growth in April — "which supports the idea that the dual drags on activity from higher interest rates and higher inflation are starting ...
Therefore, we stand by our (data-dependent) view of four 25 bp rate cuts – one every quarter – to bring rates to 3.75% by year end. If markets come to reflect this, this could in due course push down on swap rates, and in turn on mortgage rates....
Increased funding costs. Highly leveraged companies backed by private equity face difficulties in the current environment of higher interest rates. There is a risk that “amend and extend” or “payment in kind” agreements give false comfort to companies, increasing their credit losses in future...
US interest rate forecast to be cut just once in 2024 13 Jun13th June Money Video, 2 minutes 37 seconds 2:37 'We're well on the way now' 23 May23rd May UK Video, 10 minutes 10 seconds 10:10 'Interest rates could go lower' 23 May23rd May Money Sky...
The increase in interest rates we now anticipate is likely to be felt by the end of 2023, and we forecast a recession to follow between Q4 2023 and Q2 2024, with a total fall in GDP of 0.6%. With its forecasting abilities under intense scrutiny, last week’s...
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British headline inflation fell to the Bank of England's 2% target in May, raising expectations for when the central bank might begin trimming interest rates. Britain has weathered a number of economic hardships under the Conservative leadership, from the Covid-19 pandemic to inflationary pressures...
December 18 2024 UK house prices London rents rise at record 11.6% Landlords in the capital have been passing on higher costs to tenants amid a shortage of properties UK inflation rises to 2.6% in November Figure cements expectations Bank of England will hold interest rates steady on Thursday ...
In slides that the central bank did not publish, Pill compared possible paths for UK interest rates to the Matterhorn mountain in the Alps, with sharp rises and falls, and Table Mountain in South Africa, with a long period of rates around 5.25 per cent, which the BoE considers to be depr...