interest rates

Initial GDP figures for July show a fall of 0.5 per cent, a worse performance than expected by economists, increasing the fears of a "mild recession".

New research from Mind has revealed the detrimental impact that soaring mortgage costs are having on people's mental health, as well as their finances.

The last time rates were this high was in April 2008, in the midst of the global financial crash, with the UK's central bank expecting inflation to fall below five per cent in the autumn or winter.

The BCC Quarterly Economic Survey for Q2 2023 reveals that nearly half of businesses plan to raise prices in the coming months as cost pressures ease.

UK SMEs face challenges as GDP declined by 0.1 per cent in May 2023, and pressure mounts from interest rate hikes, inflation, and late payment practices by large businesses.

The Bank of England warns that nearly one million UK households will face higher mortgage payments due to rising interest rates, potentially impacting financial stability.

Apart from global factors, UK policy decisions have exacerbated inflation – whether post-pandemic public spending or the slow pace of interest rate hikes.

Climate and economic experts are pointing out that the systemic global and local problems behind sticky food inflation need more than just monetary approaches.

The Bank of England is expected today to raise the interest rate for the 13th time in a row, despite recent forecasts of an improving economic outlook.

Despite narrowly escaping a technical recession late last year, the UK economy finds itself on fragile ground as high-interest rates loom.

UK interest rates have been raised for the 12th time in a row in a further attempt by the Bank of England to slow the rising cost of living, increasing the Bank's base rate from 4.25 to 4.5 per cent.

A hike in expected US inflation over the next year comes ahead of next month's federal reserve decision on interest rates. Meanwhile, OPEC cuts increase the price of oil.

Since the failure of SVB, Bitcoin has been gaining market shares to the detriment of other digital assets. Jerome Powell further confirmed that "the central bank will indeed raise rates in March."

Food inflation has risen by 15 per cent in a year, as prices in Britain's shops reach unprecedented levels. Experts say retailers must focus on their price differentiation strategy as consumers' purse strings "continue to feel the squeeze".

The Bank of England and the US Federal Reserve have claimed the safety and strength of banking systems ahead of key decisions on interest rates.

S&P 500 sheds 2%, FTSE 100 is expected to open lower, while the UK has seen the British pound fall against the dollar as the government negotiates with the striking public sector.

A leading business finance expert has claimed that the latest increase in interest rates is 'bad news' for many businesses.

The trade war between the U.S and China holds ominous consequences for the global economy and the risk of recession is very high, warned an economist with Morgan Stanley.

BoE Deputy Governor Ben Broadbent calms frayed nerves following a volatile week on the stock markets.

With the interest rate hike already priced in, the sterling saw some serious intraday selling.

Sterling registers huge gains against dollar and euro with the Bank of England poised to hike interest rates.

New report says recent double-digit annual growth rate in lending would be unsustainable if it continued at the same pace.

Confidential document suggests trade talks between London and Brussels could begin soon despite claims that Brexit negotiations were deadlocked.

End of the road for Libor nears as watchdog FCA says global interest rate benchmark has outlived its usefulness.

New research suggests German and Norwegian insurers at highest risk from the low global interest rate climate.

Central bank maintains eurozone status quo on interest rate, as its president says 'downside risks have diminished'

Monetary Policy Committee votes 8-1 in favour of keeping interest rates on hold at 0.25%.

UK central bank maintains asset purchase programme at £435bn, and revises growth for 2017 up to 2.0%

Central bank's President Mario Draghi says it is too early to comment on monetary policy response to Trump or Brexit.

Buyers in the capital struggle to afford ever higher house prices in London compared to the rest of Britain.