Interest rates Headlines

  • The Bank is betting on strong GDP for August interest rate rise

    Anything less than 0.4% for the second quarter could spell yet another embarrassing delay Here we go again. The Bank of England has restarted its drumroll in preparation for a rate hike. Andy Haldane, the Bank’s chief economist, has joined the rate-risers, expanding their number to three. As a whole, the nine-strong committee stuck to its line that the miserable 0.1% growth in GDP in the first quarter was a weather-induced blip. Its view that momentum will recover in the April to June quarter...

    the Guardian
  • Labour to set Bank of England productivity target

    Labour will commit the Bank of England to a productivity target and move part of its operations to Birmingham, if it wins the next election.

    The Telegraph
  • Lifetime Isas: how do they work and who offers them?

    The "Lifetime Isa", which has been available since April, is a new option for those who want to save up to buy their first home or build a retirement savings pot.

    The Telegraph
  • Market report: Stocks ahead as ECB upstages Fed

    The world’s top central banks dragged markets in different directions as investors first dumped and then piled into stocks following landmark meetings at the US Federal Reserve and European Central Bank.

    The Telegraph
  • ECB calls halt to quantitative easing, despite 'soft' euro

    Wind-down in three-year bond buying programme balanced with a hold on interest rates The European Central Bank is to wind down the stimulus provided by is its massive three-year bond-buying programme to the eurozone economy by the end of the year. Despite warning that the single currency area was going through a soft patch, the ECB said it would phase out its bond purchases over the next six months, reducing them from a current €30bn (£26.3bn) a month to €15bn after September and ending them...

    the Guardian
  • WATCH: Interest rates rising as economy booms

    Experts are warning consumers with credit card debt that the cost of borrowing will be going up.

    ABC News
  • Fed raises rates and plans another two hikes this year to see off inflation threat

    US interest rates are set to rise further and faster than previously planned as surging economic growth forces officials to do more to try to see off the threat of inflation.

    The Telegraph
  • London rent growth slows for first time in eight years

    London's rental market has seen price growth decline for the first time since 2010, while the wider housing market continues to cool, official data has revealed.

    The Telegraph
  • Rising petrol prices keep inflation up

    The rate of inflation held steady at 2.

    The Telegraph
  • WPP won't comment but a word of apology would not go amiss

    Martin Sorrell’s ‘at will’ contract and a missing no-compete clause are hard to excuse WPP shareholders should prepare to feel frustrated. Wednesday’s annual meeting will also be a convention of lawyers, on hand to ensure chairman Roberto Quarta doesn’t utter a morsel of information about the findings of the board’s investigation into allegations of personal misconduct against former chief executive Sir Martin Sorrell. But let’s hope Quarta, amid his “no comment” routine, can bring himself to...

    the Guardian
  • Rates have fallen on equity release: check your needs to find the best deal

    The interest rates on equity release plans – sometimes known as lifetime mortgages – have been falling steadily for years.

    The Telegraph
  • Jobs rise and unemployment falls

    Employment hit a new record high in the three months to April despite sluggish GDP growth at the start of the year - but pay growth remained disappointing.

    The Telegraph
  • Fall in UK wage growth reduces pressure for interest rate rise

    Workers’ pay packets still increasing slowly despite fresh fall in unemployment Pressures has eased on the Bank of England to raise interest rates after the latest official figures showed a fall in wage inflation despite a fresh drop in unemployment. Both measures of earnings growth – including and excluding bonuses – edged lower in the three months to the end of April, according to the Office for National Statistics. Continue reading...

    the Guardian
  • Bad weather delayed a rate rise. Now the political climate’s the problem

    The Bank of England is signalling that interest rates might increase. There are still good reasons to hold off It’s early February all over again inside the Bank of England. Not that governor Mark Carney and his colleagues in Threadneedle Street are missing out on the good weather: it’s just that they are all making speeches about how they are poised, should the economic climate be conducive, to raise interest rates. Carney wrote to the chancellor, Philip Hammond, on 8 February to say it was...

    the Guardian
  • Fears debt crisis could spread through emerging economies

    A crisis that has hit some emerging markets risks spreading through the world economy, according to a global investment trade body.

    The Telegraph