Sterling Euro exchange rates hit their highest levels since October 2012 during June follwoign a host of positive data releases for the UK. However, the driving force behind the recent movements was largely due to two things. One was the rate cut in...UK Interest Rates to Rise (Tom ...
However, Mr Bailey refused to say whether he thought UK interest rates had reached a peak. Today's interest rate rise could be the last. The pace of rises is slowing and inflation is now predicted to fall faster than expected, in part as a result of the government's help for energy bi...
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 monetary policy commitee voted si...
The question is, does this rate rise signal the start of a series of future base rate increases? While it could be actioned over a long period of time, is the UK finally starting to move towards a normalisation of the base rate away from ultra-low levels? The Libor and swap rat...
"We therefore expect interest rates to rise again when the Bank of England Monetary Policy Committee next meets in early February," Ussher added. In December 2021, the BoE raised the interest rate for the first time in more than three years after cutting it to a record low during the COVI...
Rising inflation makes interest rate cuts less likely - rates are kept high to squeeze spending, and when this happens price rises tend to slow. November's CPI rise to 2.6% - announced this morning - was in line with expectations and so has had little impact on...
When the Bank of England raised interest rates for only the second time since crisis earlier this month, it forecast that inflation would rise to 2.6 percent in July before settling back. The central bank expects inflation will drift down to just above its 2 percent target in two years' time...
Interest rate decision brings 'little relief' to struggling families A pause on interest rates will bring "little relief" to struggling families, anti-poverty charity the Joseph Rowntree Foundaton has said. Chief economist Alfie Ste...
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 ...
Markets are pricing a rise to 0.25 per cent in the base rate by December, with a further increase to 0.5 per cent by March next year. A month ago investors were not anticipating the first move from the BoE until the summer of 2022. At the end of next year, interest rates are expecte...